OVERSEA CHINESE BANKING Corp Ltd Takes Position in Honeywell International Inc. (NASDAQ:HON)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 125,384 shares of the conglomerate's stock, valued at approximately $28,323,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International in the third quarter valued at $25,000. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $25,000. Avalon Trust Co increased its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter valued at $30,000. Finally, Financial Avengers Inc. increased its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after buying an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Barclays lowered their price objective on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $249.38.

Remove Ads

Honeywell International Stock Down 0.4 %

NASDAQ:HON traded down $0.77 during trading hours on Friday, reaching $210.12. The company's stock had a trading volume of 6,544,911 shares, compared to its average volume of 3,229,305. The company has a market cap of $136.56 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The business's 50-day moving average is $214.02 and its 200-day moving average is $216.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (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 research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio is 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company's stock.

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.