Morton Capital Management LLC CA Has $1.23 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Morton Capital Management LLC CA increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,883 shares of the conglomerate’s stock after acquiring an additional 55 shares during the period. Honeywell International comprises 0.4% of Morton Capital Management LLC CA’s investment portfolio, making the stock its 27th biggest holding. Morton Capital Management LLC CA’s holdings in Honeywell International were worth $1,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marco Investment Management LLC increased its stake in Honeywell International by 8.8% in the 2nd quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock valued at $8,590,000 after buying an additional 3,342 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its stake in Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after buying an additional 3,135 shares during the last quarter. Jag Capital Management LLC increased its stake in Honeywell International by 40.8% in the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC grew its position in shares of Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after acquiring an additional 169 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its position in shares of Honeywell International by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after acquiring an additional 8,493 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Royal Bank of Canada reduced their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Barclays increased their target price on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company increased their target price on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $220.89.

Honeywell International Stock Performance

HON stock traded up $4.13 during midday trading on Wednesday, reaching $205.13. 2,759,742 shares of the company’s stock traded hands, compared to its average volume of 3,076,034. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The stock has a market cap of $133.78 billion, a P/E ratio of 24.21, a PEG ratio of 2.23 and a beta of 1.02. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock’s 50-day moving average is $198.87 and its 200 day moving average is $195.01.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the prior year, the company earned $2.52 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, 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. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

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.