6,189 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Narwhal Capital Management

Narwhal Capital Management purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,189 shares of the conglomerate's stock, valued at approximately $1,298,000.

Several other institutional investors have also modified their holdings of the company. Triton Wealth Management PLLC raised its position in shares of Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate's stock worth $233,000 after purchasing an additional 51 shares during the last quarter. Capital Management Associates Inc acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $270,000. Souders Financial Advisors raised its position in shares of Honeywell International by 0.9% during the 4th quarter. Souders Financial Advisors now owns 15,431 shares of the conglomerate's stock worth $3,236,000 after purchasing an additional 141 shares during the last quarter. Cubic Asset Management LLC raised its position in shares of Honeywell International by 27.7% during the 4th quarter. Cubic Asset Management LLC now owns 3,004 shares of the conglomerate's stock worth $630,000 after purchasing an additional 652 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Honeywell International by 43.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 492,924 shares of the conglomerate's stock worth $102,438,000 after purchasing an additional 150,260 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HON. Royal Bank of Canada cut their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research report on Friday, February 2nd. Wells Fargo & Company boosted their price target on Honeywell International from $190.00 to $213.00 and gave the company an "equal weight" rating in a report on Tuesday, December 19th. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $221.11.

Honeywell International Trading Up 0.6 %

Shares of NASDAQ HON traded up $1.10 during trading on Friday, hitting $197.15. 1,881,187 shares of the company traded hands, compared to its average volume of 2,828,128. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a 50-day moving average price of $198.91 and a 200-day moving average price of $195.51. The firm has a market capitalization of $128.38 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.24 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.70 billion. During the same period in the prior year, the company earned $2.52 EPS. The firm's revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.19%. Honeywell International's payout ratio is currently 51.00%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Honeywell International 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.