Navellier & Associates Inc. Acquires 620 Shares of Honeywell International Inc. (NASDAQ:HON)

Navellier & Associates Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 21.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,505 shares of the conglomerate’s stock after buying an additional 620 shares during the period. Navellier & Associates Inc.’s holdings in Honeywell International were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HON. Howard Capital Management Group LLC lifted its position in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Honeywell International by 1.2% during the third quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock worth $3,905,000 after acquiring an additional 232 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Honeywell International by 4.9% during the third quarter. Mediolanum International Funds Ltd now owns 49,211 shares of the conglomerate’s stock worth $10,201,000 after acquiring an additional 2,283 shares in the last quarter. Capital Management Associates Inc purchased a new stake in shares of Honeywell International during the third quarter worth $220,000. Finally, Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in shares of Honeywell International during the third quarter worth $217,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ:HON opened at $211.94 on Friday. The stock’s 50-day moving average price is $220.43 and its 200-day moving average price is $215.37. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The stock has a market capitalization of $137.74 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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%. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed 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 is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Analysts Set New Price Targets

Several research firms have issued reports on HON. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the firm’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 of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

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.