Argentarii LLC Invests $987,000 in Honeywell International Inc. (NASDAQ:HON)

Argentarii LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,368 shares of the conglomerate’s stock, valued at approximately $987,000.

Several other institutional investors also recently modified their holdings of HON. Coordinated Financial Services Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $361,000. United Community Bank grew its position in shares of Honeywell International by 8.3% in the 4th quarter. United Community Bank now owns 1,638 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 125 shares during the period. Amundi grew its position in shares of Honeywell International by 10.9% in the 4th quarter. Amundi now owns 399,176 shares of the conglomerate’s stock valued at $87,887,000 after purchasing an additional 39,298 shares during the period. Naviter Wealth LLC grew its position in shares of Honeywell International by 20.8% in the 4th quarter. Naviter Wealth LLC now owns 14,423 shares of the conglomerate’s stock valued at $3,258,000 after purchasing an additional 2,483 shares during the period. Finally, Intellectus Partners LLC grew its position in shares of Honeywell International by 4.6% in the 4th quarter. Intellectus Partners LLC now owns 10,230 shares of the conglomerate’s stock valued at $2,311,000 after purchasing an additional 454 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HON shares. 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 report on Wednesday, November 13th. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reduced their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Ten equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $249.38.

Honeywell International Trading Up 1.5 %

Shares of Honeywell International stock opened at $214.52 on Friday. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The stock has a market cap of $139.42 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.08. 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 business’s 50 day moving average is $216.76 and its 200-day moving average is $216.28.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International 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.