Advisors Capital Management LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Advisors Capital Management LLC grew its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 292,891 shares of the conglomerate's stock after buying an additional 7,800 shares during the period. Honeywell International accounts for 1.0% of Advisors Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Advisors Capital Management LLC's holdings in Honeywell International were worth $66,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Honeywell International during the 4th quarter worth $435,786,000. ING Groep NV grew its holdings in shares of Honeywell International by 884.0% during the fourth 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 during the last quarter. Cibc World Markets Corp lifted its position in Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the period. Boston Partners increased its holdings in shares of Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after purchasing an additional 677,213 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in shares of Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after purchasing an additional 654,207 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.7 %

NASDAQ:HON traded up $3.32 during trading hours on Friday, reaching $196.60. 3,215,553 shares of the company were exchanged, compared to its average volume of 3,637,677. The firm has a market cap of $126.46 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $206.12 and a 200 day simple moving average of $216.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results 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 return on equity of 35.78% and a net margin of 14.82%. As a group, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Citigroup decreased their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Barclays dropped their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Ten research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $242.15.

Insiders Place Their Bets

In other 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 transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by 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.