Stenger Family Office LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Stenger Family Office LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,854 shares of the conglomerate’s stock, valued at approximately $1,548,000.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co lifted its holdings in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Hoese & Co LLP bought a new stake in Honeywell International during the fourth quarter valued at $30,000. Curio Wealth LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $35,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at about $44,000. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HON has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Barclays cut their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada cut their target price 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, Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $242.15.

Honeywell International Stock Down 0.7 %

HON opened at $198.81 on Wednesday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market cap of $127.89 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. 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 company has a 50 day moving average of $206.61 and a 200 day moving average of $216.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.27%. Honeywell International’s 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.