Checchi Capital Advisers LLC Has $1.96 Million Position in Honeywell International Inc. (NASDAQ:HON)

Checchi Capital Advisers LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,664 shares of the conglomerate’s stock after buying an additional 348 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Honeywell International were worth $1,957,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter worth approximately $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter valued at $29,000. Hoese & Co LLP acquired a new position in Honeywell International in the fourth quarter worth $30,000. Financial Avengers Inc. lifted its position in Honeywell International by 48.1% during the 3rd 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 stake 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 worth $34,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. 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 report on Tuesday, February 11th. Barclays lowered their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada lowered their price target on shares of 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. Finally, UBS Group restated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Activity at Honeywell International

In related 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Price Performance

Shares of HON opened at $212.00 on Wednesday. The stock has a 50 day simple moving average of $219.48 and a 200 day simple moving average of $215.66. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. 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 capitalization of $137.78 billion, a PE ratio of 24.34, a P/E/G ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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 net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is currently 51.89%.

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.