NewEdge Wealth LLC Has $15.03 Million Position in Honeywell International Inc. (NASDAQ:HON)

NewEdge Wealth LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,652 shares of the conglomerate's stock after acquiring an additional 8,175 shares during the period. NewEdge Wealth LLC's holdings in Honeywell International were worth $15,026,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Industrial Alliance Investment Management Inc. boosted its position in Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate's stock valued at $627,000 after buying an additional 3,135 shares in the last quarter. Jag Capital Management LLC boosted its position in Honeywell International by 40.8% in the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate's stock valued at $299,000 after buying an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC boosted its position in Honeywell International by 11.1% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate's stock valued at $354,000 after buying an additional 169 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in Honeywell International by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate's stock valued at $103,999,000 after buying an additional 8,493 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Honeywell International in the third quarter valued at about $203,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction that occurred on 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 owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company's stock.

Honeywell International Trading Down 0.4 %

Shares of HON traded down $0.71 on Friday, reaching $196.16. 3,497,561 shares of the company's stock were exchanged, compared to its average volume of 3,025,825. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $127.74 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The business has a 50 day moving average price of $198.52 and a two-hundred day moving average price of $195.63. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $9.70 billion. During the same quarter in the prior year, the firm earned $2.52 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International's payout ratio is presently 51.00%.

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.

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