Marks Group Wealth Management Inc Purchases 321 Shares of Honeywell International Inc. (NASDAQ:HON)

Marks Group Wealth Management Inc grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,461 shares of the conglomerate’s stock after buying an additional 321 shares during the period. Honeywell International accounts for 0.9% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 22nd largest position. Marks Group Wealth Management Inc’s holdings in Honeywell International were worth $8,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cordant Inc. bought a new position in shares of Honeywell International in the fourth quarter worth $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the fourth quarter valued at $37,000. TFO Wealth Partners LLC increased its stake in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

Honeywell International Trading Up 0.7 %

Shares of NASDAQ HON traded up $1.32 during midday trading on Monday, hitting $195.58. 2,366,907 shares of the company traded hands, compared to its average volume of 3,005,167. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The firm has a market cap of $127.36 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.23 and a beta of 1.02. The stock has a 50-day moving average price of $198.31 and a 200 day moving average price of $196.18. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the business earned $2.52 EPS. Honeywell International’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.21%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada cut their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $219.67.

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.