Congress Asset Management Co. Acquires 7,574 Shares of Honeywell International Inc. (NASDAQ:HON)

Congress Asset Management Co. increased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,092 shares of the conglomerate's stock after buying an additional 7,574 shares during the period. Congress Asset Management Co.'s holdings in Honeywell International were worth $15,156,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock valued at $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP increased its holdings in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after buying an additional 547,998 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Honeywell International by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate's stock worth $822,458,000 after acquiring an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Honeywell International by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate's stock valued at $782,232,000 after acquiring an additional 42,287 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. Hsbc Global Res upgraded Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Barclays reduced their price target on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. UBS Group reaffirmed a "buy" rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.71.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company's stock.

Honeywell International Stock Up 0.3 %

Shares of HON stock traded up $0.54 on Thursday, hitting $211.35. The company's stock had a trading volume of 3,635,312 shares, compared to its average volume of 4,115,585. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market capitalization of $137.36 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm's fifty day moving average price is $221.07 and its 200-day moving average price is $215.19.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. Honeywell International's payout ratio is presently 51.89%.

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.