DORCHESTER WEALTH MANAGEMENT Co Takes Position in Honeywell International Inc. (NASDAQ:HON)

DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in 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 fund acquired 1,744 shares of the conglomerate’s stock, valued at approximately $394,000.

A number of other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC increased its position in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Honeywell International by 1.2% during the third quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock worth $3,905,000 after purchasing an additional 232 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Honeywell International by 4.9% during the third quarter. Mediolanum International Funds Ltd now owns 49,211 shares of the conglomerate’s stock worth $10,201,000 after purchasing an additional 2,283 shares during the last quarter. Capital Management Associates Inc acquired a new position in Honeywell International during the third quarter worth approximately $220,000. Finally, Elwood & Goetz Wealth Advisory Group LLC acquired a new position in Honeywell International during the third quarter worth approximately $217,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Price Performance

HON opened at $211.94 on Friday. The company has a fifty day simple moving average of $220.43 and a 200 day simple moving average of $215.37. The firm has a market cap of $137.74 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $189.75 and a twelve 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.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

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.