Dynasty Wealth Management LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Dynasty Wealth Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 52.1% during the 4th quarter, Holdings Channel reports. The fund owned 11,330 shares of the conglomerate’s stock after buying an additional 3,879 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Honeywell International were worth $2,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HON. Howard Capital Management Group LLC grew its stake 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 during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Honeywell International by 1.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock worth $3,905,000 after purchasing an additional 232 shares during the last quarter. Mutual Advisors LLC lifted its stake in Honeywell International by 10.8% in the 3rd quarter. Mutual Advisors LLC now owns 7,679 shares of the conglomerate’s stock valued at $1,606,000 after buying an additional 747 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in Honeywell International during the third quarter worth $45,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of Honeywell International by 40.6% in the third quarter. JFS Wealth Advisors LLC now owns 9,533 shares of the conglomerate’s stock valued at $1,971,000 after acquiring an additional 2,753 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $212.27 on Friday. The stock has a 50-day moving average of $218.88 and a 200-day moving average of $215.61. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $137.96 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. 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 (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is currently 51.89%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. UBS Group restated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Wells Fargo & Company cut their target price on 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. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Bank of America upped their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction 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 transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by insiders.

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.