Clarity Wealth Development LLC Acquires Shares of 2,523 Honeywell International Inc. (NASDAQ:HON)

Clarity Wealth Development LLC acquired a new stake 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. The fund acquired 2,523 shares of the conglomerate's stock, valued at approximately $565,000. Honeywell International accounts for about 0.6% of Clarity Wealth Development LLC's holdings, making the stock its 23rd biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Mystic Asset Management Inc. increased its stake in Honeywell International by 4.0% during the 4th quarter. Mystic Asset Management Inc. now owns 9,020 shares of the conglomerate's stock worth $2,038,000 after buying an additional 346 shares in the last quarter. Leelyn Smith LLC grew its position in shares of Honeywell International by 1.1% in the fourth quarter. Leelyn Smith LLC now owns 20,909 shares of the conglomerate's stock valued at $4,723,000 after purchasing an additional 222 shares in the last quarter. BlackDiamond Wealth Management LLC lifted its holdings in Honeywell International by 9.9% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 1,238 shares of the conglomerate's stock valued at $280,000 after acquiring an additional 112 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in Honeywell International by 14.4% in the fourth quarter. Tocqueville Asset Management L.P. now owns 207,309 shares of the conglomerate's stock valued at $46,829,000 after acquiring an additional 26,040 shares during the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $319,000. Institutional investors and hedge funds own 75.91% of the company's stock.

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Honeywell International Stock Down 0.4 %

Honeywell International stock traded down $0.77 during midday trading on Friday, reaching $210.12. The company's stock had a trading volume of 6,544,911 shares, compared to its average volume of 3,224,633. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $136.56 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.51 and a beta of 1.08. The business has a 50-day simple moving average of $214.02 and a 200-day simple moving average of $216.53.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced 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 was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent analyst reports. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Barclays decreased their price target on Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Finally, HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. Ten equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $249.38.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company's stock.

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.