Plan Group Financial LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Plan Group Financial LLC lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 103.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,884 shares of the conglomerate's stock after buying an additional 1,978 shares during the quarter. Plan Group Financial LLC's holdings in Honeywell International were worth $877,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HON. Howard Capital Management Group LLC raised its stake in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after acquiring an additional 174 shares in the last quarter. Vest Financial LLC increased its holdings in Honeywell International by 151.2% during the 3rd quarter. Vest Financial LLC now owns 5,624 shares of the conglomerate's stock worth $1,163,000 after purchasing an additional 3,385 shares during the period. Allspring Global Investments Holdings LLC raised its position in Honeywell International by 33.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 268,637 shares of the conglomerate's stock valued at $55,530,000 after purchasing an additional 66,887 shares in the last quarter. Trilogy Capital Inc. boosted its stake in shares of Honeywell International by 2.1% in the 3rd quarter. Trilogy Capital Inc. now owns 2,550 shares of the conglomerate's stock valued at $527,000 after buying an additional 52 shares during the period. Finally, Jade Capital Advisors LLC acquired a new position in shares of Honeywell International during the third quarter worth about $1,034,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on HON shares. Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Royal Bank of Canada decreased 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. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their price objective on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $248.71.

Honeywell International Stock Performance

NASDAQ HON traded up $0.59 during trading on Friday, reaching $211.94. The company's stock had a trading volume of 6,221,796 shares, compared to its average volume of 4,177,537. The business's fifty day moving average price is $220.74 and its 200-day moving average price is $215.17. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market cap of $137.74 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.50 and a beta of 1.05.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's dividend payout ratio is presently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated 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 directly 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 document filed with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

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.