Everhart Financial Group Inc. Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Everhart Financial Group Inc. lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 40.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,791 shares of the conglomerate’s stock after acquiring an additional 1,094 shares during the quarter. Everhart Financial Group Inc.’s holdings in Honeywell International were worth $856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA boosted its holdings in Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after purchasing an additional 2,611 shares during the period. Costello Asset Management INC purchased a new position in Honeywell International in the fourth quarter valued at $3,092,000. RIA Advisory Group LLC purchased a new position in Honeywell International in the third quarter valued at $6,124,000. Copley Financial Group Inc. purchased a new position in Honeywell International in the third quarter valued at $454,000. Finally, Sargent Investment Group LLC boosted its holdings in Honeywell International by 268.6% in the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after purchasing an additional 4,082 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 1.2 %

HON opened at $202.75 on Friday. The business’s 50-day simple moving average is $222.30 and its 200-day simple moving average is $215.05. 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 one year low of $189.75 and a one year high of $242.77. The stock has a market capitalization of $131.84 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued 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 return on equity of 35.78% and a net margin of 14.82%. Analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HON. Bank of America lifted their price target on 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 report on Wednesday, December 11th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. JPMorgan Chase & Co. decreased their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten investment 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. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.71.

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.