Honeywell International Inc. (NASDAQ:HON) Stake Increased by Larson Financial Group LLC

Larson Financial Group LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,624 shares of the conglomerate’s stock after purchasing an additional 418 shares during the period. Larson Financial Group LLC’s holdings in Honeywell International were worth $1,045,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Camden National Bank increased its stake in shares of Honeywell International by 5.3% in the fourth quarter. Camden National Bank now owns 7,251 shares of the conglomerate’s stock worth $1,638,000 after acquiring an additional 368 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Honeywell International by 9.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,597,556 shares of the conglomerate’s stock worth $389,589,000 after acquiring an additional 137,087 shares during the last quarter. RKL Wealth Management LLC increased its stake in shares of Honeywell International by 384.0% in the fourth quarter. RKL Wealth Management LLC now owns 7,217 shares of the conglomerate’s stock worth $1,630,000 after acquiring an additional 5,726 shares during the last quarter. Oak Hill Wealth Advisors LLC increased its stake in shares of Honeywell International by 262.9% in the fourth quarter. Oak Hill Wealth Advisors LLC now owns 1,637 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 2,642 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its stake in shares of Honeywell International by 1.1% in the fourth quarter. Aviance Capital Partners LLC now owns 8,974 shares of the conglomerate’s stock worth $2,027,000 after acquiring an additional 102 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of a number of research reports. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group increased their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays lowered their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $249.38.

Honeywell International Trading Up 1.5 %

Shares of NASDAQ:HON opened at $214.52 on Friday. The company has a market cap of $139.42 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.08. The stock’s 50-day moving average is $216.76 and its 200-day moving average is $216.28. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last released 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%. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate 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.