Vontobel Holding Ltd. Buys 704 Shares of Honeywell International Inc. (NASDAQ:HON)

Vontobel Holding Ltd. grew its stake in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 21,017 shares of the conglomerate’s stock after purchasing an additional 704 shares during the period. Vontobel Holding Ltd.’s holdings in Honeywell International were worth $4,748,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HON. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $30,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp lifted its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. 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 business’s stock in a transaction on 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 transaction, the vice president now directly 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 filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by company insiders.

Honeywell International Trading Down 1.2 %

Shares of NASDAQ:HON opened at $202.75 on Friday. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The business’s fifty day simple moving average is $222.30 and its 200-day simple moving average is $215.05. The company has a market capitalization of $131.84 billion, a PE ratio of 23.28, a P/E/G ratio of 2.55 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, equities research analysts predict that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HON. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company decreased their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten investment 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 stock. According to MarketBeat.com, Honeywell International currently has an average 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.