Total Investment Management Inc. Takes $480,000 Position in Honeywell International Inc. (NASDAQ:HON)

Total Investment Management Inc. bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,126 shares of the conglomerate's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Creative Planning grew its holdings in Honeywell International by 6.2% during the third quarter. Creative Planning now owns 230,532 shares of the conglomerate's stock valued at $47,653,000 after purchasing an additional 13,420 shares during the period. Howard Capital Management Group LLC grew its holdings in Honeywell International by 6.7% during the third 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 during the period. V Square Quantitative Management LLC grew its holdings in Honeywell International by 9.2% during the third quarter. V Square Quantitative Management LLC now owns 1,054 shares of the conglomerate's stock valued at $218,000 after purchasing an additional 89 shares during the period. Net Worth Advisory Group bought a new position in Honeywell International during the third quarter valued at $577,000. Finally, Accurate Wealth Management LLC grew its holdings in Honeywell International by 3.0% during the third quarter. Accurate Wealth Management LLC now owns 3,863 shares of the conglomerate's stock valued at $840,000 after purchasing an additional 114 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HON. UBS Group reaffirmed a "buy" rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. cut their price target on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. 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, Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. 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 data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $248.71.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.54 during mid-day trading on Thursday, hitting $211.35. 3,635,312 shares of the company's stock traded hands, compared to its average volume of 4,115,585. The company's 50-day moving average is $221.07 and its two-hundred day moving average is $215.19. 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 $137.36 billion, a P/E ratio of 24.27, a PEG ratio of 2.47 and a beta of 1.05. 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 posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

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.