Howard Capital Management Inc. Buys 576 Shares of Honeywell International Inc. (NASDAQ:HON)

Howard Capital Management Inc. boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,431 shares of the conglomerate’s stock after purchasing an additional 576 shares during the period. Howard Capital Management Inc.’s holdings in Honeywell International were worth $4,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter valued at approximately $29,000. Hoese & Co LLP acquired a new position in Honeywell International in the 4th quarter valued at approximately $30,000. Financial Avengers Inc. increased its position in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Finally, Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. 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 firm has a market cap of $137.74 billion, a PE ratio of 24.33, a P/E/G ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company’s fifty day simple moving average is $220.43 and its 200 day simple moving average is $215.37. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated 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 transaction, 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 at this link. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HON. UBS Group restated a “buy” rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

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.