TigerOak Management L.L.C. Invests $794,000 in Honeywell International Inc. (NASDAQ:HON)

TigerOak Management L.L.C. 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 & Exchange Commission. The firm acquired 3,517 shares of the conglomerate's stock, valued at approximately $794,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. lifted its holdings in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its position in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after purchasing an additional 47 shares during the last quarter. Magnus Financial Group LLC lifted its stake in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after buying an additional 48 shares in the last quarter. Absher Wealth Management LLC grew its holdings in Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock valued at $413,000 after buying an additional 49 shares during the last quarter. Finally, Bill Few Associates Inc. increased its position in Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Barclays decreased 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 report on Monday, February 10th. Finally, Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $248.71.

Honeywell International Trading Up 1.3 %

Shares of Honeywell International stock traded up $2.77 during trading hours on Wednesday, reaching $210.81. The stock had a trading volume of 5,063,313 shares, compared to its average volume of 4,124,301. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The firm has a market capitalization of $137.08 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.41 and a beta of 1.05. The firm has a 50 day simple moving average of $221.43 and a two-hundred day simple moving average of $215.23.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.14%. Honeywell International's dividend payout ratio is currently 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.