Borer Denton & Associates Inc. Purchases 502 Shares of Honeywell International Inc. (NASDAQ:HON)

Borer Denton & Associates Inc. lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,839 shares of the conglomerate’s stock after purchasing an additional 502 shares during the period. Honeywell International comprises about 2.6% of Borer Denton & Associates Inc.’s investment portfolio, making the stock its 17th largest position. Borer Denton & Associates Inc.’s holdings in Honeywell International were worth $7,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Baldwin Wealth Partners LLC MA boosted its holdings in Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $361,000. Costello Asset Management INC acquired a new position in Honeywell International in the fourth quarter valued at about $3,092,000. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $435,786,000. Finally, Dynasty Wealth Management LLC boosted its holdings in Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after acquiring an additional 3,879 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada dropped their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $249.38.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Honeywell International stock opened at $212.12 on Wednesday. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company’s 50-day moving average is $213.75 and its two-hundred day moving average is $216.85. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market cap of $137.86 billion, a PE ratio of 24.35, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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.