Allworth Financial LP Acquires 5,695 Shares of Honeywell International Inc. (NASDAQ:HON)

Allworth Financial LP increased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,939 shares of the conglomerate's stock after purchasing an additional 5,695 shares during the quarter. Allworth Financial LP's holdings in Honeywell International were worth $30,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. grew its stake in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after buying an additional 47 shares during the last quarter. Saxony Capital Management LLC grew its position in Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC increased its stake in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after purchasing an additional 48 shares during the period. Absher Wealth Management LLC boosted its stake in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock valued at $413,000 after purchasing an additional 49 shares during the period. Finally, Bill Few Associates Inc. grew its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 1.3 %

HON stock traded up $2.77 on Wednesday, reaching $210.81. 5,063,313 shares of the company traded hands, compared to its average volume of 4,124,301. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a fifty day simple moving average of $221.43 and a 200-day simple moving average of $215.23. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a market cap of $137.08 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction dated 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 owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HON has been the subject of several analyst reports. 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 report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and increased their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Baird R W cut Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 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 company's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $248.71.

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.