Alteri Wealth LLC Buys New Position in Honeywell International Inc. (NASDAQ:HON)

Alteri Wealth LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,445 shares of the conglomerate's stock, valued at approximately $552,000.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors purchased a new position in shares of Honeywell International during the 4th quarter worth about $1,594,216,000. Raymond James Financial Inc. purchased a new stake in Honeywell International in the fourth quarter valued at approximately $435,786,000. ING Groep NV increased its position in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp raised its stake in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock opened at $214.13 on Friday. 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 stock has a market capitalization of $137.74 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company's 50-day simple moving average is $205.07 and its 200-day simple moving average is $215.59.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm earned $2.25 EPS. The business's revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.11%. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HON. Wells Fargo & Company increased their target price on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, Citigroup cut their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of "Hold" and an average price target of $241.46.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company's 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 owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.