Frontier Wealth Management LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Frontier Wealth Management LLC raised its stake in Honeywell International Inc. (NASDAQ:HONGet Rating) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,820 shares of the conglomerate’s stock after purchasing an additional 238 shares during the quarter. Frontier Wealth Management LLC’s holdings in Honeywell International were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. 180 Wealth Advisors LLC increased its holdings in Honeywell International by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 3,959 shares of the conglomerate’s stock valued at $874,000 after buying an additional 46 shares during the period. First National Corp MA ADV grew its holdings in Honeywell International by 2.9% in the third quarter. First National Corp MA ADV now owns 1,636 shares of the conglomerate’s stock worth $347,000 after purchasing an additional 46 shares during the last quarter. Baystate Wealth Management LLC grew its holdings in Honeywell International by 3.9% in the fourth quarter. Baystate Wealth Management LLC now owns 1,321 shares of the conglomerate’s stock worth $276,000 after purchasing an additional 49 shares during the last quarter. Fieldpoint Private Securities LLC grew its holdings in Honeywell International by 0.4% in the third quarter. Fieldpoint Private Securities LLC now owns 13,479 shares of the conglomerate’s stock worth $2,861,000 after purchasing an additional 50 shares during the last quarter. Finally, Mcrae Capital Management Inc. grew its holdings in Honeywell International by 1.7% in the fourth quarter. Mcrae Capital Management Inc. now owns 3,009 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 50 shares during the last quarter. 74.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ HON opened at $195.19 on Monday. Honeywell International Inc. has a 12-month low of $174.42 and a 12-month high of $236.86. The stock has a market cap of $133.80 billion, a PE ratio of 24.65, a P/E/G ratio of 2.36 and a beta of 1.13. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $189.97 and a 200 day moving average of $204.38.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The conglomerate reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.01. Honeywell International had a net margin of 16.11% and a return on equity of 30.52%. The company had revenue of $8.66 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter in the prior year, the company earned $2.07 EPS. Honeywell International’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Honeywell International Inc. will post 8.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Friday, February 25th were paid a $0.98 dividend. The ex-dividend date was Thursday, February 24th. This represents a $3.92 annualized dividend and a dividend yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is 49.49%.

A number of equities research analysts have recently weighed in on HON shares. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $216.00 to $205.00 and set an “equal weight” rating on the stock in a report on Monday, February 7th. Credit Suisse Group decreased their target price on shares of Honeywell International from $226.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. UBS Group decreased their target price on shares of Honeywell International from $237.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, February 15th. Citigroup decreased their target price on shares of Honeywell International from $264.00 to $248.00 in a research report on Friday, February 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $265.00 to $235.00 in a research report on Friday, February 4th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $228.43.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

Further Reading

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONGet Rating).

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.