Mogy Joel R Investment Counsel Inc. Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Mogy Joel R Investment Counsel Inc. acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,000 shares of the conglomerate’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Honeywell International by 5.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,780 shares of the conglomerate’s stock valued at $329,000 after acquiring an additional 89 shares in the last quarter. Connecticut Wealth Management LLC grew its holdings in shares of Honeywell International by 176.6% during the 3rd quarter. Connecticut Wealth Management LLC now owns 5,093 shares of the conglomerate’s stock valued at $941,000 after acquiring an additional 3,252 shares in the last quarter. KRS Capital Management LLC grew its holdings in shares of Honeywell International by 9.9% during the 3rd quarter. KRS Capital Management LLC now owns 8,054 shares of the conglomerate’s stock valued at $1,488,000 after acquiring an additional 727 shares in the last quarter. First Personal Financial Services grew its holdings in shares of Honeywell International by 75.5% during the 3rd quarter. First Personal Financial Services now owns 1,820 shares of the conglomerate’s stock valued at $336,000 after acquiring an additional 783 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Honeywell International by 4.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 19,336 shares of the conglomerate’s stock valued at $3,572,000 after acquiring an additional 809 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HON. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $219.67.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm’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 transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.43 during mid-day trading on Friday, hitting $193.45. 3,041,537 shares of the stock were exchanged, compared to its average volume of 2,666,853. The company has a market cap of $125.97 billion, a P/E ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02. The stock’s fifty day simple moving average is $198.18 and its two-hundred day simple moving average is $196.27. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.93 and a current ratio of 1.66. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Honeywell International Company 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.