Destination Wealth Management Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Destination Wealth Management lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 106.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,552 shares of the conglomerate's stock after acquiring an additional 1,318 shares during the quarter. Destination Wealth Management's holdings in Honeywell International were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at about $25,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $25,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $30,000. Financial Avengers Inc. increased its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $3.26 during mid-day trading on Friday, hitting $214.52. 5,682,281 shares of the stock were exchanged, compared to its average volume of 4,335,279. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a 50-day simple moving average of $216.76 and a 200 day simple moving average of $216.28. The company has a market capitalization of $139.42 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

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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, topping 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%. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company'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 directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Finally, UBS Group reiterated a "buy" rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of "Hold" and an average target price of $249.38.

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.