Coordinated Financial Services Inc. Acquires New Holdings in Honeywell International Inc. (NASDAQ:HON)

Coordinated Financial Services Inc. acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,597 shares of the conglomerate's stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Honeywell International in the 4th quarter worth $435,786,000. ING Groep NV increased its stake in Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP increased its stake in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after buying an additional 1,376,479 shares in the last quarter. Cibc World Market Inc. increased its stake in Honeywell International by 320.5% in the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after buying an additional 654,207 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after buying an additional 631,761 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HON shares. Morgan Stanley increased their price target on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, UBS Group reissued a "buy" rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $249.38.

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Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company's stock.

Honeywell International Trading Up 1.5 %

NASDAQ HON traded up $3.26 during trading on Friday, hitting $214.52. The stock had a trading volume of 5,682,281 shares, compared to its average volume of 4,335,279. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market capitalization of $139.42 billion, a price-to-earnings ratio of 24.63, a P/E/G 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 stock has a 50 day simple moving average of $216.76 and a 200 day simple moving average of $216.39.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

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.