Honeywell International Inc. (NASDAQ:HON) Shares Acquired by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.2% in the fourth quarter, Holdings Channel reports. The firm owned 17,097 shares of the conglomerate’s stock after buying an additional 1,299 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Honeywell International were worth $3,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valmark Advisers Inc. raised its stake in Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after buying an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. raised its position in shares of Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC boosted its holdings in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC increased its stake in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after purchasing an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. raised its holdings in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after purchasing an additional 49 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HON shares. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Citigroup reduced their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Finally, Barclays dropped their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Ten equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $249.08.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $213.45 on Wednesday. The stock’s 50 day moving average price is $212.76 and its 200 day moving average price is $217.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market cap of $138.73 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

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

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 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.