Novem Group Buys Shares of 1,195 Honeywell International Inc. (NASDAQ:HON)

Novem Group purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,195 shares of the conglomerate's stock, valued at approximately $270,000.

Several other large investors have also recently made changes to their positions in the stock. Mainstream Capital Management LLC bought a new position in Honeywell International in the fourth quarter worth about $25,000. Avalon Trust Co grew its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International during the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $35,000. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HON. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. 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. Citigroup dropped 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 report on Monday, April 14th. Finally, Royal Bank of Canada upped 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 note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $245.57.

Honeywell International Stock Up 0.8%

HON stock opened at $223.63 on Friday. The firm has a market cap of $143.72 billion, a PE ratio of 25.68, a P/E/G ratio of 2.51 and a beta of 1.07. The firm's fifty day moving average is $207.36 and its 200 day moving average is $216.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.25 EPS. On average, research analysts forecast 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, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's payout ratio is presently 51.95%.

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.

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