Congress Asset Management Co. Acquires 7,574 Shares of Honeywell International Inc. (NASDAQ:HON)

Congress Asset Management Co. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,092 shares of the conglomerate’s stock after acquiring an additional 7,574 shares during the quarter. Congress Asset Management Co.’s holdings in Honeywell International were worth $15,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the 3rd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the 3rd quarter valued at $29,000. Hoese & Co LLP bought a new stake in Honeywell International during the 4th quarter valued at $30,000. Financial Avengers Inc. raised its holdings in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Finally, Planning Capital Management Corp raised its holdings in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the 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 approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on HON. Royal Bank of Canada decreased their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group upped their price target 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. Finally, Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Stock Performance

NASDAQ HON opened at $202.75 on Monday. The company has a 50-day simple moving average of $222.30 and a two-hundred day simple moving average of $215.13. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a market cap of $131.84 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio is currently 51.89%.

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.