1,058 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Root Financial Partners LLC

Root Financial Partners LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,058 shares of the conglomerate’s stock, valued at approximately $239,000.

Several other hedge funds have also recently modified their holdings of the stock. Vontobel Holding Ltd. lifted its holdings in shares of Honeywell International by 3.5% during the fourth quarter. Vontobel Holding Ltd. now owns 21,017 shares of the conglomerate’s stock worth $4,748,000 after purchasing an additional 704 shares during the period. Catalyst Financial Partners LLC lifted its holdings in Honeywell International by 1.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,326 shares of the conglomerate’s stock valued at $751,000 after acquiring an additional 53 shares during the period. Mcrae Capital Management Inc. lifted its holdings in Honeywell International by 1.8% in the fourth quarter. Mcrae Capital Management Inc. now owns 6,853 shares of the conglomerate’s stock valued at $1,548,000 after acquiring an additional 120 shares during the period. Investment Partners Asset Management Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $207,000. Finally, PrairieView Partners LLC lifted its holdings in Honeywell International by 15.4% in the fourth quarter. PrairieView Partners LLC now owns 524 shares of the conglomerate’s stock valued at $118,000 after acquiring an additional 70 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. Bank of America raised 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. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, 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. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is owned by company insiders.

Honeywell International Trading Down 1.2 %

Honeywell International stock opened at $202.75 on Friday. The stock has a market cap of $131.84 billion, a PE ratio of 23.28, a P/E/G ratio of 2.55 and a beta of 1.05. The stock has a 50-day moving average price of $222.77 and a 200 day moving average price of $215.04. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS 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 predict that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is 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.