Modern Wealth Management LLC Has $18.72 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Modern Wealth Management LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1,691.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,763 shares of the conglomerate's stock after buying an additional 84,752 shares during the quarter. Modern Wealth Management LLC's holdings in Honeywell International were worth $18,717,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Mainstream Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $25,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the third quarter worth $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International during the fourth quarter valued at $30,000. Finally, Financial Avengers Inc. grew its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction dated 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 sale, the vice president now directly owns 41,580 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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Honeywell International Price Performance

Shares of NASDAQ:HON traded down $3.83 on Friday, hitting $210.34. The stock had a trading volume of 3,253,329 shares, compared to its average volume of 3,488,591. The firm's 50 day moving average price is $213.21 and its 200-day moving average price is $216.98. 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 twelve month low of $189.75 and a twelve month high of $242.77. The company has a market capitalization of $136.70 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its 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 return on equity of 35.78% and a net margin of 14.82%. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their target price 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. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $249.08.

Honeywell International 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.