Cordatus Wealth Management LLC Has $1.55 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cordatus Wealth Management LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,869 shares of the conglomerate’s stock after purchasing an additional 329 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Honeywell International were worth $1,551,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Howard Capital Management Group LLC raised 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 valued at $571,000 after purchasing an additional 174 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Honeywell International by 13.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 20,944 shares of the conglomerate’s stock valued at $4,329,000 after purchasing an additional 2,508 shares during the period. Wallington Asset Management LLC raised its stake in shares of Honeywell International by 5.2% in the 3rd quarter. Wallington Asset Management LLC now owns 85,431 shares of the conglomerate’s stock valued at $17,659,000 after purchasing an additional 4,244 shares during the period. International Assets Investment Management LLC raised its stake in shares of Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after purchasing an additional 944,876 shares during the period. Finally, Great Lakes Retirement Inc. raised its stake in shares of Honeywell International by 4.5% in the 3rd quarter. Great Lakes Retirement Inc. now owns 42,600 shares of the conglomerate’s stock valued at $8,806,000 after purchasing an additional 1,820 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International 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 value of $6,004,902.65. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HON shares. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Citigroup decreased their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $211.35 on Friday. The firm’s 50-day moving average price is $220.74 and its 200-day moving average price is $215.17. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The firm has a market capitalization of $137.36 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its 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 net margin of 14.82% and a return on equity of 35.78%. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. Honeywell International’s dividend payout ratio is presently 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.