Menora Mivtachim Holdings LTD. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,400 shares of the conglomerate's stock, valued at approximately $316,000.
A number of other institutional investors also recently modified their holdings of HON. Howard Capital Management Group LLC increased its position in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after buying an additional 174 shares during the period. M&T Bank Corp grew its holdings in shares of Honeywell International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate's stock worth $61,643,000 after acquiring an additional 3,143 shares during the period. Westside Investment Management Inc. raised its position in shares of Honeywell International by 15.4% in the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate's stock worth $78,000 after acquiring an additional 50 shares in the last quarter. Tudor Financial Inc. purchased a new position in shares of Honeywell International in the 3rd quarter valued at approximately $425,000. Finally, Anchor Investment Management LLC grew its stake in Honeywell International by 46.4% in the third quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate's stock worth $199,000 after purchasing an additional 305 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Stock Performance
Shares of Honeywell International stock traded up $3.32 during trading hours on Friday, reaching $196.60. 3,215,553 shares of the stock traded hands, compared to its average volume of 3,637,677. The company has a 50 day moving average price of $206.12 and a 200 day moving average price of $216.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $126.46 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio is currently 51.89%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Citigroup reduced their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday. Barclays dropped their target price on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. lowered their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $242.15.
View Our Latest Analysis on HON
Insiders Place Their Bets
In related news, VP Anne T. Madden sold 28,885 shares of the firm'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 directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.
Honeywell International Company Profile
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Free Report)
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.
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