Ameriflex Group Inc. Invests $403,000 in Honeywell International Inc. (NASDAQ:HON)

Ameriflex Group Inc. acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,801 shares of the conglomerate's stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Valmark Advisers Inc. increased its position in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after purchasing an additional 45 shares during the period. Saxony Capital Management LLC increased its position in Honeywell International by 4.0% during the 4th 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 in the last quarter. Claris Advisors LLC MO raised its position in shares of Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after purchasing an additional 49 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock worth $777,000 after buying an additional 49 shares during the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co LLC lifted its position in Honeywell International by 0.6% in the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate's stock valued at $1,996,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HON shares. Citigroup lowered their price objective 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. JPMorgan Chase & Co. boosted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Royal Bank of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted 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. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Stock Up 0.7%

Shares of NASDAQ HON traded up $1.48 during mid-day trading on Friday, reaching $226.67. 8,267,980 shares of the company were exchanged, compared to its average volume of 3,822,399. The firm has a 50-day moving average of $208.74 and a 200 day moving average of $216.38. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $145.68 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.51 and a beta of 1.07.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.