Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,152 shares of the conglomerate’s stock after purchasing an additional 162 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Honeywell International were worth $486,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Valmark Advisers Inc. grew its holdings 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. grew its holdings in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after buying an additional 47 shares during the last quarter. Saxony Capital Management LLC grew its holdings in shares of Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after buying an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after buying an additional 48 shares during the last quarter. Finally, Absher Wealth Management LLC grew its holdings in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after buying an additional 49 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.0 %

HON stock opened at $212.00 on Wednesday. The company’s 50-day simple moving average is $219.48 and its 200-day simple moving average is $215.66. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The firm has a market cap of $137.78 billion, a P/E ratio of 24.34, a PEG ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released 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 net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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 given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’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 value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. 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. Citigroup lowered their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Ten equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.