PUREfi Wealth LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

PUREfi Wealth LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,785 shares of the conglomerate's stock, valued at approximately $629,000.

Several other institutional investors have also added to or reduced their stakes in HON. ZWJ Investment Counsel Inc. grew its position in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after purchasing an additional 47 shares during the period. Saxony Capital Management LLC boosted its holdings in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after acquiring an additional 48 shares during the last quarter. Absher Wealth Management LLC boosted its holdings in Honeywell International by 2.5% in the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock valued at $413,000 after acquiring an additional 49 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HON shares. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. UBS Group restated a "buy" rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, Hsbc Global Res upgraded Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $5.29 during trading on Tuesday, hitting $208.04. 4,896,669 shares of the company traded hands, compared to its average volume of 4,100,424. The stock has a market capitalization of $135.28 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.55 and a beta of 1.05. The business's fifty day moving average is $221.86 and its 200-day moving average is $215.20. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results 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 return on equity of 35.78% and a net margin of 14.82%. As a group, equities analysts predict that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. Honeywell International's dividend payout ratio is presently 51.89%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company's stock.

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.