Magnus Financial Group LLC Has $1.62 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Magnus Financial Group LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,740 shares of the conglomerate’s stock after purchasing an additional 134 shares during the period. Magnus Financial Group LLC’s holdings in Honeywell International were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new position in shares of Honeywell International during the fourth quarter worth $31,000. Cordant Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the fourth quarter worth about $37,000. TFO Wealth Partners LLC raised its position in shares of Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Honeywell International during the 4th quarter valued at about $48,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded up $0.43 during trading on Friday, reaching $193.45. 3,041,537 shares of the company’s stock were exchanged, compared to its average volume of 2,666,853. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The firm’s fifty day moving average price is $198.18 and its 200-day moving average price is $196.34. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $125.97 billion, a PE ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is 50.06%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $219.67.

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.