Broyhill Asset Management Buys Shares of 1,755 Honeywell International Inc. (NASDAQ:HON)

Broyhill Asset Management purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,755 shares of the conglomerate's stock, valued at approximately $396,000.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Honeywell International by 10.3% in the fourth 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. Invesco Ltd. boosted its position in shares of Honeywell International by 5.2% during the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock valued at $1,193,923,000 after acquiring an additional 263,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 worth $881,225,000 after purchasing an additional 116,925 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HON has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Barclays reduced 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $242.15.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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 in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 1.7 %

Shares of NASDAQ HON traded up $3.32 during midday trading on Friday, hitting $196.60. The stock had a trading volume of 3,215,553 shares, compared to its average volume of 3,637,677. The company has a fifty day moving average price of $206.12 and a 200 day moving average price of $216.08. The company has a market capitalization of $126.46 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. On average, 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.30%. Honeywell International's dividend payout ratio is currently 51.89%.

About Honeywell International

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.