Ashton Thomas Private Wealth LLC Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Ashton Thomas Private Wealth LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,745 shares of the conglomerate's stock after buying an additional 6,951 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Honeywell International were worth $5,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Callan Family Office LLC purchased a new position in Honeywell International during the fourth quarter worth about $2,527,000. EagleClaw Capital Managment LLC raised its stake in Honeywell International by 7.8% during the fourth quarter. EagleClaw Capital Managment LLC now owns 13,821 shares of the conglomerate's stock worth $3,122,000 after purchasing an additional 1,000 shares during the period. E Fund Management Co. Ltd. raised its stake in Honeywell International by 32.1% during the fourth quarter. E Fund Management Co. Ltd. now owns 9,304 shares of the conglomerate's stock worth $2,102,000 after purchasing an additional 2,260 shares during the period. Candriam S.C.A. raised its stake in Honeywell International by 88.3% during the fourth quarter. Candriam S.C.A. now owns 9,144 shares of the conglomerate's stock worth $2,066,000 after purchasing an additional 4,288 shares during the period. Finally, SP Asset Management LLC raised its stake in Honeywell International by 0.5% during the fourth quarter. SP Asset Management LLC now owns 25,566 shares of the conglomerate's stock worth $5,775,000 after purchasing an additional 126 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

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Honeywell International Stock Up 1.5 %

Shares of HON stock traded up $3.26 during trading on Friday, reaching $214.52. The company's stock had a trading volume of 5,682,281 shares, compared to its average volume of 4,335,279. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market capitalization of $139.42 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.08. The stock's 50-day moving average price is $216.76 and its 200 day moving average price is $216.28. 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 announced its quarterly earnings data 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%. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Morgan Stanley lifted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Bank of America lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of "Hold" and an average price target of $249.38.

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.