1,195 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Novem Group

Novem Group purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,195 shares of the conglomerate's stock, valued at approximately $270,000.

Other large investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC boosted its position in Honeywell International by 40.7% during the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after acquiring an additional 12,227 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of Honeywell International by 12.3% in the 4th quarter. Simon Quick Advisors LLC now owns 4,374 shares of the conglomerate's stock worth $988,000 after buying an additional 478 shares during the period. Phillips Wealth Planners LLC grew its position in Honeywell International by 3.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 3,169 shares of the conglomerate's stock valued at $691,000 after acquiring an additional 117 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Honeywell International by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 286,354 shares of the conglomerate's stock worth $64,685,000 after purchasing an additional 12,350 shares during the period. Finally, Independent Wealth Network Inc. lifted its stake in shares of Honeywell International by 2.7% in the 4th quarter. Independent Wealth Network Inc. now owns 4,035 shares of the conglomerate's stock valued at $911,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON traded down $0.84 during trading hours on Wednesday, reaching $225.62. The company's stock had a trading volume of 864,112 shares, compared to its average volume of 3,776,919. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a 50-day simple moving average of $208.18 and a 200 day simple moving average of $216.32. The stock has a market cap of $145.00 billion, a PE ratio of 25.89, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

HON has been the subject of several research reports. 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 research note on Friday, February 7th. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Citigroup decreased their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company increased their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $245.57.

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.