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

Centricity Wealth Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,510 shares of the conglomerate's stock, valued at approximately $341,000.

A number of other institutional investors have also recently made changes to their positions in HON. Nicholson Wealth Management Group LLC lifted its stake in Honeywell International by 72.9% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 7,336 shares of the conglomerate's stock worth $1,657,000 after purchasing an additional 3,093 shares in the last quarter. Mattern Capital Management LLC lifted its position in Honeywell International by 2.7% during the fourth quarter. Mattern Capital Management LLC now owns 40,577 shares of the conglomerate's stock worth $9,166,000 after buying an additional 1,079 shares in the last quarter. ING Groep NV boosted its stake in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Boston Financial Mangement LLC grew its holdings in Honeywell International by 5.6% in the 4th quarter. Boston Financial Mangement LLC now owns 6,947 shares of the conglomerate's stock valued at $1,569,000 after buying an additional 368 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Honeywell International by 9.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 22,068 shares of the conglomerate's stock worth $4,985,000 after acquiring an additional 1,924 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Honeywell International Trading Up 0.3 %

NASDAQ:HON traded up $0.59 on Friday, reaching $211.94. 6,221,796 shares of the company's stock were exchanged, compared to its average volume of 4,177,537. The business has a fifty day moving average of $220.74 and a 200-day moving average of $215.17. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The firm has a market capitalization of $137.74 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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 net margin of 14.82% and a return on equity of 35.78%. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's dividend payout ratio is presently 51.89%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HON. Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.71.

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.