Argentarii LLC Acquires Shares of 4,368 Honeywell International Inc. (NASDAQ:HON)

Argentarii LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,368 shares of the conglomerate’s stock, valued at approximately $987,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Howard Capital Management Group LLC raised its holdings in Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares in the last quarter. Portside Wealth Group LLC raised its holdings in Honeywell International by 12.7% in the 3rd quarter. Portside Wealth Group LLC now owns 1,307 shares of the conglomerate’s stock valued at $270,000 after acquiring an additional 147 shares in the last quarter. Summit Global Investments raised its holdings in Honeywell International by 89.2% in the 3rd quarter. Summit Global Investments now owns 8,836 shares of the conglomerate’s stock valued at $1,826,000 after acquiring an additional 4,167 shares in the last quarter. AIA Group Ltd raised its holdings in shares of Honeywell International by 279.5% during the 3rd quarter. AIA Group Ltd now owns 5,716 shares of the conglomerate’s stock worth $1,182,000 after buying an additional 4,210 shares in the last quarter. Finally, Hollencrest Capital Management raised its holdings in shares of Honeywell International by 111.7% during the 3rd quarter. Hollencrest Capital Management now owns 940 shares of the conglomerate’s stock worth $194,000 after buying an additional 496 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of HON stock opened at $214.52 on Friday. The stock has a market capitalization of $139.42 billion, a PE ratio of 24.63, a PEG ratio of 2.51 and a beta of 1.08. The business’s 50 day simple moving average is $216.76 and its 200 day simple moving average is $216.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. UBS Group restated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $249.38.

About Honeywell International

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.