Stenger Family Office LLC Makes New $1.55 Million Investment in Honeywell International Inc. (NASDAQ:HON)

Stenger Family Office LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,854 shares of the conglomerate’s stock, valued at approximately $1,548,000.

A number of other hedge funds have also recently made changes to their positions in HON. Valmark Advisers Inc. grew its holdings in Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after acquiring an additional 45 shares during the period. ZWJ Investment Counsel Inc. boosted its position in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC grew its stake in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC increased its holdings in shares of Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after purchasing an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after buying an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.7 %

HON stock opened at $198.81 on Wednesday. The firm has a market cap of $127.89 billion, a PE ratio of 22.83, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm’s 50 day moving average price is $206.61 and its 200-day moving average price is $216.31.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HON shares. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Barclays lowered their price target on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Citigroup dropped their price target on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. 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 stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $242.15.

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.