Florida Financial Advisors LLC Acquires 282 Shares of Honeywell International Inc. (NASDAQ:HON)

Florida Financial Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,814 shares of the conglomerate’s stock after acquiring an additional 282 shares during the period. Florida Financial Advisors LLC’s holdings in Honeywell International were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Honeywell International during the fourth quarter worth about $435,786,000. ING Groep NV increased its holdings in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares in the last quarter. Finally, Boston Partners grew its holdings in Honeywell International by 29.2% during the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after buying an additional 677,213 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 0.8 %

Shares of NASDAQ HON opened at $211.85 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $137.69 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The business has a 50-day simple moving average of $213.88 and a two-hundred day simple moving average of $216.75.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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%. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. 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 report on Thursday, December 12th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup reduced their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Ten investment 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $249.38.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Honeywell International Company 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.