U S Wealth Group LLC. Makes New $2.34 Million Investment in Honeywell International Inc. (NASDAQ:HON)

U S Wealth Group LLC. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, Holdings Channel reports. The fund acquired 10,338 shares of the conglomerate’s stock, valued at approximately $2,335,000. Honeywell International makes up about 1.8% of U S Wealth Group LLC.’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Howard Capital Management Group LLC lifted its position in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the period. United Bank raised its position in shares of Honeywell International by 2.8% in the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after acquiring an additional 220 shares in the last quarter. XTX Topco Ltd bought a new position in Honeywell International in the third quarter worth $2,311,000. Kimelman & Baird LLC lifted its position in Honeywell International by 0.7% during the 3rd quarter. Kimelman & Baird LLC now owns 129,742 shares of the conglomerate’s stock valued at $26,819,000 after acquiring an additional 843 shares during the period. Finally, Montchanin Asset Management LLC grew its holdings in Honeywell International by 6.8% in the third quarter. Montchanin Asset Management LLC now owns 12,540 shares of the conglomerate’s stock worth $2,592,000 after purchasing an additional 800 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 7.6 %

HON opened at $190.99 on Monday. Honeywell International Inc. has a 12 month low of $187.54 and a 12 month high of $242.77. 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 has a 50-day moving average of $211.63 and a 200 day moving average of $217.21. The firm has a market cap of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. As a group, research 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on HON. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $249.08.

About Honeywell International

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.