Frank Rimerman Advisors LLC Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Frank Rimerman Advisors LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,473 shares of the conglomerate's stock after purchasing an additional 1,443 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Honeywell International were worth $1,688,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valmark Advisers Inc. lifted its holdings in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after buying an additional 45 shares during the period. ZWJ Investment Counsel Inc. raised its position 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 worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC increased its position in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC increased its position in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after buying an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. increased its position in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HON. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Hsbc Global Res upgraded Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price target on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Morgan Stanley lifted their price target 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. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $249.38.

Honeywell International Stock Performance

HON stock traded down $1.09 during midday trading on Wednesday, reaching $208.65. 6,407,538 shares of the company's stock traded hands, compared to its average volume of 3,213,227. The company has a 50-day moving average price of $214.60 and a two-hundred day moving average price of $216.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. 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 $135.61 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. Honeywell International's payout ratio is currently 51.89%.

Insider Transactions at Honeywell International

In related 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 value of $6,004,902.65. Following the transaction, the vice president now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company's stock.

About Honeywell International

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.