Schechter Investment Advisors LLC Purchases 1,578 Shares of Honeywell International Inc. (NASDAQ:HON)

Schechter Investment Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 16.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,047 shares of the conglomerate’s stock after buying an additional 1,578 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Honeywell International were worth $2,495,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC boosted its position in Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares in the last quarter. Principal Securities Inc. grew its holdings in Honeywell International by 14.1% during the third quarter. Principal Securities Inc. now owns 12,500 shares of the conglomerate’s stock worth $2,584,000 after acquiring an additional 1,541 shares during the period. Gladstone Institutional Advisory LLC raised its position in shares of Honeywell International by 8.1% in the third quarter. Gladstone Institutional Advisory LLC now owns 7,593 shares of the conglomerate’s stock worth $1,570,000 after acquiring an additional 572 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Honeywell International by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,025 shares of the conglomerate’s stock valued at $1,659,000 after buying an additional 1,279 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Honeywell International by 18.1% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 12,466 shares of the conglomerate’s stock worth $2,577,000 after buying an additional 1,910 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

HON opened at $212.89 on Monday. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The stock has a market cap of $138.36 billion, a PE ratio of 24.44, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s 50 day simple moving average is $218.57 and its 200-day simple moving average is $215.98.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.