Castellan Group Invests $1.58 Million in Honeywell International Inc. $HON

Key Points

• Castellan Group acquired a new stake of 8,088 shares in Honeywell during Q4, valued at approximately $1.58 million.
• Company insiders have been net sellers recently, disposing of 18,190 shares worth about $4.24 million in the last three months (including director D. Scott Davis and VP Robert Mailloux).
• Wall Street sentiment is broadly positive with a consensus rating of “Moderate Buy” and a consensus price target of $251.83, after several firms raised their targets (Argus to $290 among them).

Castellan Group acquired a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,088 shares of the conglomerate's stock, valued at approximately $1,578,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burney Co. grew its position in Honeywell International by 1.8% in the 4th quarter. Burney Co. now owns 5,843 shares of the conglomerate's stock valued at $1,140,000 after buying an additional 104 shares during the last quarter. Legacy Financial Strategies LLC raised its stake in shares of Honeywell International by 1.2% during the 4th quarter. Legacy Financial Strategies LLC now owns 4,908 shares of the conglomerate's stock worth $958,000 after buying an additional 58 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Honeywell International by 9.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,090 shares of the conglomerate's stock worth $3,919,000 after buying an additional 1,734 shares during the last quarter. Cambiar Investors LLC acquired a new position in shares of Honeywell International during the 4th quarter worth $51,629,000. Finally, Choreo LLC increased its position in Honeywell International by 11.4% during the 4th quarter. Choreo LLC now owns 30,744 shares of the conglomerate's stock worth $6,037,000 after purchasing an additional 3,152 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company's stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company's stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,190 shares of company stock valued at $4,244,287. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup lifted their price objective on Honeywell International from $262.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Royal Bank Of Canada boosted their target price on Honeywell International from $249.00 to $268.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Daiwa Securities Group boosted their target price on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Morgan Stanley boosted their price target on Honeywell International from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 12th. Finally, Argus boosted their price target on Honeywell International from $250.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.83.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $235.11 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $248.18. The firm has a 50-day simple moving average of $235.02 and a 200 day simple moving average of $214.30. The company has a market cap of $149.45 billion, a PE ratio of 29.42, a P/E/G ratio of 3.40 and a beta of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International's dividend payout ratio is presently 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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