IFP Advisors Inc Buys 2,227 Shares of Honeywell International Inc. (NASDAQ:HON)

IFP Advisors Inc raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,297 shares of the conglomerate’s stock after purchasing an additional 2,227 shares during the quarter. IFP Advisors Inc’s holdings in Honeywell International were worth $3,687,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HON. State Street Corp grew its stake in Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after acquiring an additional 92,112 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after purchasing an additional 547,998 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Honeywell International by 7.2% in the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock worth $822,458,000 after buying an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Honeywell International by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate’s stock valued at $782,232,000 after buying an additional 42,287 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HON. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada cut 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 report on Friday, February 7th. UBS Group reissued a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Stock Down 1.0 %

Shares of HON stock opened at $209.91 on Tuesday. The stock’s fifty day moving average price is $219.91 and its 200 day moving average price is $215.56. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a market cap of $136.42 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

Honeywell International Company 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.