Investment Partners LTD. Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Investment Partners LTD. purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,887 shares of the conglomerate's stock, valued at approximately $426,000.

A number of other hedge funds have also recently made changes to their positions in the company. Valmark Advisers Inc. boosted its position in shares of Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after buying an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its stake in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after acquiring an additional 47 shares during the period. Saxony Capital Management LLC boosted its holdings in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of Honeywell International by 0.5% in the fourth 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 during the period. Finally, Bill Few Associates Inc. raised its holdings in shares of 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 purchasing an additional 49 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $1.64 during trading hours on Thursday, hitting $211.26. The company's stock had a trading volume of 5,039,531 shares, compared to its average volume of 4,303,834. 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 12-month low of $189.75 and a 12-month high of $242.77. The business has a 50 day moving average price of $217.47 and a two-hundred day moving average price of $216.10. The company has a market cap of $137.30 billion, a PE ratio of 24.25, a PEG ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HON shares. Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and increased their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. UBS Group restated a "buy" rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group increased their price objective on shares of 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, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.71.

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.