Novem Group Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

by · The Cerbat Gem

Novem Group purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,195 shares of the conglomerate’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Valmark Advisers Inc. lifted its stake in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after acquiring an additional 45 shares during the last quarter. Saxony Capital Management LLC raised its holdings in shares of Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after buying an additional 47 shares during the last quarter. Bill Few Associates Inc. lifted its position in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after acquiring an additional 49 shares during the period. Claris Advisors LLC MO grew its position in Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after buying an additional 49 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its position in Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HON shares. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Citigroup lowered their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.57.

Read Our Latest Research Report on Honeywell International

Honeywell International Stock Up 0.8%

Shares of Honeywell International stock opened at $223.63 on Friday. The business has a 50-day moving average price of $207.36 and a 200 day moving average price of $216.15. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm has a market cap of $143.72 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON – Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Honeywell International Company Profile

(Free Report)

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.

See Also

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