Bessemer Group Inc. Has $143.37 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Bessemer Group Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 634,673 shares of the conglomerate's stock after selling 16,176 shares during the period. Bessemer Group Inc. owned 0.10% of Honeywell International worth $143,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Vanguard Group Inc. grew its stake in shares of Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after buying an additional 380,299 shares during the period. Geode Capital Management LLC grew its holdings in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Honeywell International by 10.3% during 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 purchasing an additional 631,761 shares during the period. Invesco Ltd. increased its stake in Honeywell International by 5.2% in the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock valued at $1,193,923,000 after buying an additional 263,188 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Honeywell International by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate's stock valued at $881,225,000 after acquiring an additional 116,925 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

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Honeywell International Stock Up 0.2 %

Shares of NASDAQ HON traded up $0.31 during mid-day trading on Tuesday, reaching $200.56. 914,390 shares of the company's stock were exchanged, compared to its average volume of 3,619,349. 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 simple moving average of $206.83 and a 200 day simple moving average of $216.43. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $130.35 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.51 and a beta of 1.01.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.25%. Honeywell International's payout ratio is presently 51.89%.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Royal Bank of Canada cut their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $242.15.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.41% of the company's stock.

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.