Chiron Investment Management LLC Invests $3.03 Million in Honeywell International Inc. (NASDAQ:HON)

Chiron Investment Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,412 shares of the conglomerate's stock, valued at approximately $3,030,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP purchased a new stake in Honeywell International in the 4th quarter valued at $30,000. Curio Wealth LLC purchased a new position in Honeywell International during the fourth quarter worth about $35,000. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on HON shares. Royal Bank of Canada cut their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Citigroup cut their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday. Barclays lowered their target price 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $242.15.

Honeywell International Stock Performance

NASDAQ:HON traded up $3.32 during midday trading on Friday, reaching $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 quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $126.46 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a fifty day simple moving average of $206.12 and a two-hundred day simple moving average of $216.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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