SFE Investment Counsel Buys 491 Shares of Honeywell International Inc. (NASDAQ:HON)

SFE Investment Counsel grew its position in Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,897 shares of the conglomerate’s stock after purchasing an additional 491 shares during the period. SFE Investment Counsel’s holdings in Honeywell International were worth $3,963,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HON. Cordant Inc. acquired a new position in shares of Honeywell International during the fourth quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at $31,000. True Wealth Design LLC bought a new stake in shares of Honeywell International during the fourth quarter worth $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at $37,000. Finally, TFO Wealth Partners LLC increased its position in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HON. Barclays raised their target price 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. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. Finally, Royal Bank of Canada decreased their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.67.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 0.3 %

Shares of HON stock traded up $0.63 on Thursday, hitting $190.99. The stock had a trading volume of 1,180,896 shares, compared to its average volume of 2,993,313. The firm has a market cap of $124.37 billion, a P/E ratio of 22.47, a PEG ratio of 2.18 and a beta of 1.02. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $198.41 and a two-hundred day moving average price of $195.82.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is 51.00%.

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.