JNBA Financial Advisors Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

JNBA Financial Advisors increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 24.6% in the fourth quarter, Holdings Channel reports. The firm owned 2,580 shares of the conglomerate’s stock after buying an additional 509 shares during the quarter. JNBA Financial Advisors’ holdings in Honeywell International were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Honeywell International by 6.2% in the 3rd quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock valued at $47,653,000 after purchasing an additional 13,420 shares during the last quarter. Vontobel Holding Ltd. grew its position in Honeywell International by 15.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 20,313 shares of the conglomerate’s stock valued at $4,199,000 after buying an additional 2,742 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Honeywell International by 8.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,978 shares of the conglomerate’s stock valued at $616,000 after buying an additional 231 shares during the period. Secure Asset Management LLC purchased a new position in Honeywell International during the 3rd quarter worth $304,000. Finally, Howard Capital Management Group LLC lifted its stake in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON stock opened at $202.75 on Friday. The stock’s 50 day moving average price is $222.30 and its 200 day moving average price is $215.05. The firm has a market cap of $131.84 billion, a P/E ratio of 23.28, a PEG ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. On average, sell-side analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HON shares. Bank of America increased 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. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.71.

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 stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, 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 can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

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.