Dechtman Wealth Management LLC Takes $215,000 Position in Honeywell International Inc. (NASDAQ:HON)

Dechtman Wealth Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, Holdings Channel.com reports. The firm bought 952 shares of the conglomerate’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International in the 3rd quarter worth about $25,000. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co raised its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in Honeywell International during the 4th quarter valued at $30,000. Finally, Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $212.12 on Wednesday. The company has a 50 day moving average of $213.75 and a 200 day moving average of $216.85. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market cap of $137.86 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $249.38.

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 transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.