Sfmg LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Sfmg LLC boosted its position in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,919 shares of the conglomerate’s stock after buying an additional 274 shares during the period. Honeywell International accounts for about 0.5% of Sfmg LLC’s holdings, making the stock its 29th largest holding. Sfmg LLC’s holdings in Honeywell International were worth $5,016,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HON. Industrial Alliance Investment Management Inc. grew its holdings in Honeywell International by 1,205.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after buying an additional 3,135 shares during the last quarter. Jag Capital Management LLC increased its position in Honeywell International by 40.8% during the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC raised its stake in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after purchasing an additional 169 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in Honeywell International by 1.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after purchasing an additional 8,493 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $203,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.3 %

Shares of NASDAQ:HON traded down $0.57 during trading on Wednesday, reaching $190.15. 600,266 shares of the stock were exchanged, compared to its average volume of 2,993,426. The firm has a market cap of $123.82 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The firm’s 50-day moving average price is $198.48 and its 200 day moving average price is $195.86.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.52 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International’s payout ratio is currently 51.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada dropped their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Wells Fargo & Company raised their price target on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. Finally, Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $219.67.

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.