Norden Group LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Norden Group LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 20.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,396 shares of the conglomerate’s stock after buying an additional 567 shares during the period. Norden Group LLC’s holdings in Honeywell International were worth $767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Howard Capital Management Group LLC boosted its position in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after buying an additional 174 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Honeywell International by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 8,025 shares of the conglomerate’s stock worth $1,659,000 after buying an additional 1,279 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Honeywell International by 1.3% during the third quarter. Janney Montgomery Scott LLC now owns 274,004 shares of the conglomerate’s stock worth $56,640,000 after buying an additional 3,645 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Honeywell International by 0.5% during 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 during the period. Finally, 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 valued at $371,000 after acquiring an additional 360 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.4 %

HON opened at $212.02 on Tuesday. The business’s 50-day simple moving average is $218.27 and its 200-day simple moving average is $216.07. 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 one year low of $189.75 and a one year high of $242.77. The stock has a market capitalization of $137.80 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its earnings results 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 return on equity of 35.78% and a net margin of 14.82%. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced 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. 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 currently 51.89%.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now 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 filing with the SEC, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. The Goldman Sachs Group increased their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays reduced their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

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.