Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Transcendent Capital Group LLC

Transcendent Capital Group LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 29.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,716 shares of the conglomerate’s stock after buying an additional 613 shares during the period. Transcendent Capital Group LLC’s holdings in Honeywell International were worth $614,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the third quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth $29,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International during the fourth quarter worth $30,000. Financial Avengers Inc. grew its holdings in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HON shares. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Performance

Shares of HON stock opened at $209.91 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market cap of $136.42 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.51 and a beta of 1.05. The firm’s 50 day moving average price is $219.91 and its 200-day moving average price is $215.56. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the 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 sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

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.