Berkshire Asset Management LLC PA Has $48.25 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Berkshire Asset Management LLC PA boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,812 shares of the conglomerate's stock after buying an additional 50,766 shares during the quarter. Honeywell International makes up approximately 2.3% of Berkshire Asset Management LLC PA's portfolio, making the stock its 10th biggest position. Berkshire Asset Management LLC PA's holdings in Honeywell International were worth $48,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at about $25,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $25,000. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. lifted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its stake in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value 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 $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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

Shares of HON stock traded up $3.26 during trading on Friday, hitting $214.52. The company's stock had a trading volume of 5,682,281 shares, compared to its average volume of 4,335,279. The company has a market cap of $139.42 billion, a PE ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $216.76 and a 200-day moving average of $216.28. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week 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 (EPS) 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%. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. Bank of America upped their price target on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Morgan Stanley upped 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. Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. 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 data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and a consensus target price of $249.38.

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.