1,744 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,744 shares of the conglomerate’s stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Howard Capital Management Inc. raised its stake in Honeywell International by 3.1% during the 4th quarter. Howard Capital Management Inc. now owns 19,431 shares of the conglomerate’s stock worth $4,389,000 after acquiring an additional 576 shares in the last quarter. Integral Investment Advisors Inc. increased its stake in Honeywell International by 4.5% in the fourth quarter. Integral Investment Advisors Inc. now owns 7,147 shares of the conglomerate’s stock valued at $1,615,000 after purchasing an additional 306 shares during the period. Wealthspire Advisors LLC increased its stake in Honeywell International by 4.4% in the fourth quarter. Wealthspire Advisors LLC now owns 7,474 shares of the conglomerate’s stock valued at $1,688,000 after purchasing an additional 317 shares during the period. Arbor Investment Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at $202,000. Finally, ST. Nicholas Private Asset Management Inc. acquired a new position in Honeywell International in the fourth quarter valued at $248,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.3 %

HON stock opened at $211.94 on Friday. The company has a market cap of $137.74 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company’s 50-day moving average price is $220.43 and its 200 day moving average price is $215.37. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, research analysts expect that Honeywell International Inc. will post 10.34 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 dividend yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analysts Set New Price Targets

A number of research firms have commented on HON. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective 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. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Bank of America lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.71.

Insider Buying and Selling at Honeywell International

In other Honeywell International 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 value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

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.