Prestige Wealth Management Group LLC Purchases 479 Shares of Honeywell International Inc. (NASDAQ:HON)

Prestige Wealth Management Group LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 16.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,449 shares of the conglomerate’s stock after purchasing an additional 479 shares during the period. Prestige Wealth Management Group LLC’s holdings in Honeywell International were worth $779,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Howard Capital Management Group LLC raised its stake in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the last quarter. United Bank boosted its holdings in shares of Honeywell International by 2.8% in the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after buying an additional 220 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Honeywell International during the 3rd quarter worth approximately $412,000. Sompo Asset Management Co. Ltd. raised its stake in shares of Honeywell International by 8.8% in the third quarter. Sompo Asset Management Co. Ltd. now owns 2,830 shares of the conglomerate’s stock valued at $585,000 after buying an additional 230 shares during the period. Finally, Larson Financial Group LLC boosted its position in Honeywell International by 29.4% during the third quarter. Larson Financial Group LLC now owns 4,206 shares of the conglomerate’s stock worth $869,000 after purchasing an additional 955 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $249.38.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.8 %

Shares of Honeywell International stock opened at $211.85 on Tuesday. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company’s 50 day moving average is $213.88 and its 200 day moving average is $216.75. The company has a market cap of $137.69 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

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.