HighPoint Advisor Group LLC Buys 2,127 Shares of Honeywell International Inc. (NASDAQ:HON)

HighPoint Advisor Group LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,863 shares of the conglomerate's stock after acquiring an additional 2,127 shares during the quarter. HighPoint Advisor Group LLC's holdings in Honeywell International were worth $5,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Howard Capital Management Group LLC boosted its stake in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after purchasing an additional 174 shares in the last quarter. United Bank boosted its position in Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate's stock valued at $1,692,000 after buying an additional 220 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Honeywell International by 7.8% during the third quarter. CreativeOne Wealth LLC now owns 4,015 shares of the conglomerate's stock worth $830,000 after buying an additional 292 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Honeywell International by 13.7% in the third quarter. Public Sector Pension Investment Board now owns 28,308 shares of the conglomerate's stock valued at $5,852,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its holdings in shares of Honeywell International by 29.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 3,750 shares of the conglomerate's stock worth $779,000 after acquiring an additional 863 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 4.1 %

NASDAQ:HON traded down $8.53 during mid-day trading on Friday, hitting $198.15. The company had a trading volume of 3,363,353 shares, compared to its average volume of 3,511,494. 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 fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm has a market cap of $128.78 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.51 and a beta of 1.08. The business's fifty day moving average is $212.24 and its two-hundred day moving average is $217.11.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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 net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share 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 given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.28%. Honeywell International's dividend payout ratio is 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business's 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 completion of the transaction, the vice president now directly owns 41,580 shares in the company, 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 this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HON. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Morgan Stanley raised their target price 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. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $249.08.

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.