Bernard Wealth Management Corp. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,888 shares of the conglomerate's stock, valued at approximately $1,104,000. Honeywell International makes up approximately 0.8% of Bernard Wealth Management Corp.'s investment portfolio, making the stock its 29th largest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after buying an additional 380,299 shares in the last quarter. Geode Capital Management LLC boosted its position in Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after acquiring an additional 631,761 shares during the period. Invesco Ltd. raised its holdings in Honeywell International by 5.2% in the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock valued at $1,193,923,000 after acquiring an additional 263,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Honeywell International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate's stock worth $881,225,000 after purchasing an additional 116,925 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on HON shares. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Ten investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $245.00.
Check Out Our Latest Research Report on Honeywell International
Honeywell International Stock Up 2.7 %
Honeywell International stock traded up $5.16 during midday trading on Friday, hitting $198.55. 5,102,399 shares of the company were exchanged, compared to its average volume of 3,626,426. The company has a market cap of $129.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company's fifty day moving average price is $207.27 and its 200-day moving average price is $216.49. 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 - Get Free Report) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 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%. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is 51.89%.
Insider Buying and Selling at Honeywell International
In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.
About Honeywell International
(
Free Report)
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.
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