Flagship Wealth Advisors LLC Acquires New Stake in Honeywell International Inc. (NASDAQ:HON)

Flagship Wealth Advisors LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,410 shares of the conglomerate's stock, valued at approximately $319,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. raised its position in shares of Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in shares of Honeywell International by 3.4% in the 4th 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 in the last quarter. Saxony Capital Management LLC grew its position in shares of Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after buying an additional 47 shares during the last quarter. Magnus Financial Group LLC raised its stake in shares of Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after acquiring an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. lifted its position in Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

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Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Morgan Stanley increased their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. The Goldman Sachs Group upped their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Ten 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $249.38.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.77 during trading hours on Friday, reaching $210.12. 6,544,911 shares of the company's stock were exchanged, compared to its average volume of 3,223,806. The business has a fifty day moving average of $214.19 and a two-hundred day moving average of $216.52. 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 capitalization of $136.56 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. As a group, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

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.