Honeywell International Inc. (NASDAQ:HON) Stake Lifted by Mystic Asset Management Inc.

Mystic Asset Management Inc. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,020 shares of the conglomerate’s stock after purchasing an additional 346 shares during the period. Mystic Asset Management Inc.’s holdings in Honeywell International were worth $2,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its position in Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares in the last quarter. United Bank grew its stake in shares of Honeywell International by 2.8% in the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after purchasing an additional 220 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Honeywell International during the third quarter valued at approximately $414,000. Adero Partners LLC boosted its holdings in Honeywell International by 9.6% during the third quarter. Adero Partners LLC now owns 1,269 shares of the conglomerate’s stock worth $262,000 after buying an additional 111 shares in the last quarter. Finally, Aljian Capital Management LLC acquired a new position in Honeywell International in the third quarter worth approximately $216,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HON has been the subject of several research reports. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $249.38.

Honeywell International Stock Performance

Shares of HON stock opened at $210.42 on Tuesday. The firm has a market cap of $136.76 billion, a P/E ratio of 24.16, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The stock’s 50-day moving average is $214.82 and its two-hundred day moving average is $216.60.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 net margin of 14.82% and a return on equity of 35.78%. 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction 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 represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

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.