Honeywell International Inc. (NASDAQ:HON) Position Increased by Clearbridge Investments LLC

Clearbridge Investments LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,540,988 shares of the conglomerate's stock after buying an additional 48,816 shares during the quarter. Clearbridge Investments LLC owned 0.24% of Honeywell International worth $348,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valmark Advisers Inc. lifted its position in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC boosted its stake in shares of Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after purchasing an additional 47 shares during the period. Magnus Financial Group LLC grew its holdings in Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after purchasing an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. increased its stake in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm'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 approximately $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 through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup lowered their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. Finally, Barclays reduced their price target on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $249.08.

Honeywell International Price Performance

HON traded down $6.52 on Thursday, reaching $209.47. The company had a trading volume of 2,127,982 shares, compared to its average volume of 3,490,327. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a market capitalization of $136.14 billion, a P/E ratio of 24.05, a PEG ratio of 2.51 and a beta of 1.08. The company has a fifty day moving average of $212.62 and a 200-day moving average of $217.18. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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, equities 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International's dividend payout ratio (DPR) is presently 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.