Commonwealth Equity Services LLC Buys 7,757 Shares of Honeywell International Inc. (NASDAQ:HON)

Commonwealth Equity Services LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 377,061 shares of the conglomerate’s stock after buying an additional 7,757 shares during the period. Commonwealth Equity Services LLC owned 0.06% of Honeywell International worth $85,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA grew its position in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares in the last quarter. Coordinated Financial Services Inc. bought a new stake in Honeywell International during the fourth quarter valued at approximately $361,000. Costello Asset Management INC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $3,092,000. Raymond James Financial Inc. purchased a new position in Honeywell International in the fourth quarter worth $435,786,000. Finally, RIA Advisory Group LLC bought a new stake in Honeywell International during the third quarter worth about $6,124,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction 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 sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Trading Up 0.2 %

NASDAQ:HON opened at $206.69 on Friday. The company has a 50-day moving average price of $215.39 and a 200-day moving average price of $216.39. The stock has a market cap of $134.33 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS 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%. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.19%. Honeywell International’s payout ratio is 51.89%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HON. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $249.38.

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.