Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lifted its position in Honeywell International Inc. (NASDAQ:HON) by 90.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 141,131 shares of the conglomerate’s stock after acquiring an additional 67,147 shares during the period. Congress Wealth Management LLC DE’s holdings in Honeywell International were worth $31,881,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. purchased a new stake in Honeywell International during the 4th quarter valued at about $45,000. Crowley Wealth Management Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $485,000. Vanguard Group Inc. grew its position in shares of Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Community Bank N.A. increased its holdings in shares of Honeywell International by 1.4% in the fourth quarter. Community Bank N.A. now owns 11,621 shares of the conglomerate’s stock valued at $2,625,000 after purchasing an additional 160 shares during the last quarter. Finally, Napatree Capital LLC lifted its position in Honeywell International by 24.2% during the fourth quarter. Napatree Capital LLC now owns 1,252 shares of the conglomerate’s stock worth $283,000 after buying an additional 244 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON opened at $210.12 on Monday. The stock’s 50-day moving average price is $214.02 and its 200 day moving average price is $216.69. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a market cap of $136.56 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS 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, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given 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 was Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This 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 the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HON shares. Wells Fargo & Company cut their target price on 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. Barclays reduced 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 note on Monday, February 10th. The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $249.38.

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.