MIG Capital LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

MIG Capital LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,477 shares of the conglomerate’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC purchased a new stake in Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co raised its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Honeywell International during the fourth quarter worth about $30,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the 4th quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 7.6 %

Honeywell International stock opened at $190.99 on Friday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business’s fifty day simple moving average is $211.63 and its two-hundred day simple moving average is $217.10. The company has a market capitalization of $124.13 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s 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 transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HON. Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $249.08.

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.