Carrera Capital Advisors Purchases 4,288 Shares of Honeywell International Inc. (NASDAQ:HON)

Carrera Capital Advisors increased its position in Honeywell International Inc. (NASDAQ:HON) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,146 shares of the conglomerate’s stock after acquiring an additional 4,288 shares during the period. Honeywell International comprises about 0.9% of Carrera Capital Advisors’ investment portfolio, making the stock its 20th biggest holding. Carrera Capital Advisors’ holdings in Honeywell International were worth $3,647,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HON. Howard Capital Management Group LLC raised its holdings in Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the period. Harbor Capital Advisors Inc. increased its position in Honeywell International by 0.5% in the third quarter. Harbor Capital Advisors Inc. now owns 14,966 shares of the conglomerate’s stock worth $3,094,000 after buying an additional 74 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in shares of Honeywell International by 25.1% in the third quarter. Confluence Wealth Services Inc. now owns 1,796 shares of the conglomerate’s stock worth $371,000 after buying an additional 360 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Honeywell International by 5.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,295 shares of the conglomerate’s stock valued at $6,056,000 after buying an additional 1,511 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Honeywell International by 413.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock valued at $667,000 after acquiring an additional 2,599 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. UBS Group restated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Citigroup cut their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International 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 the company’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 in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Down 1.9 %

Shares of HON opened at $208.00 on Wednesday. The stock has a market capitalization of $135.18 billion, a PE ratio of 23.88, a P/E/G ratio of 2.51 and a beta of 1.05. The company’s fifty day moving average is $217.85 and its 200 day moving average is $216.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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 expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

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.