Concurrent Investment Advisors LLC Purchases 1,924 Shares of Honeywell International Inc. (NASDAQ:HON)

Concurrent Investment Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,068 shares of the conglomerate's stock after buying an additional 1,924 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Honeywell International were worth $4,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter worth approximately $25,000. Hoese & Co LLP bought a new position in Honeywell International during the fourth quarter worth $30,000. Reston Wealth Management LLC bought a new position in Honeywell International during the third quarter worth $29,000. Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 0.3 %

Shares of Honeywell International stock traded up $0.59 during trading on Friday, hitting $211.94. 6,221,796 shares of the stock traded hands, compared to its average volume of 4,177,537. The stock has a market cap of $137.74 billion, a P/E ratio of 24.33, a PEG ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a fifty day moving average price of $220.74 and a two-hundred day moving average price of $215.17.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly 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%. Equities research analysts predict 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.13%. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HON shares. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Robert W. Baird cut Honeywell International from an "outperform" rating to a "neutral" rating and cut their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. Citigroup lowered their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, UBS Group reissued a "buy" rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $248.71.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred 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 transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.