FMR LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,614,055 shares of the conglomerate's stock after purchasing an additional 192,289 shares during the quarter. FMR LLC owned about 0.25% of Honeywell International worth $364,599,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of HON. Raymond James Financial Inc. purchased a new stake in Honeywell International in the 4th quarter valued at about $435,786,000. ING Groep NV grew its stake in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp increased its holdings in Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the period. Boston Partners lifted its holdings in shares of Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after buying an additional 677,213 shares during the period. Finally, Cibc World Market Inc. grew its position in shares of Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after buying an additional 654,207 shares in the last quarter. 75.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Citigroup decreased their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Finally, Barclays cut their price target on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. 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. According to data from MarketBeat, Honeywell International currently has an average rating of "Hold" and a consensus target price of $242.15.
Check Out Our Latest Research Report on HON
Honeywell International Stock Performance
Shares of Honeywell International stock traded down $2.01 during midday trading on Wednesday, hitting $196.80. The company had a trading volume of 916,458 shares, compared to its average volume of 3,618,759. The stock has a market cap of $126.60 billion, a price-to-earnings ratio of 22.60, a PEG 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 company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $206.61 and a 200 day simple moving average of $216.31.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is 51.89%.
Insider Buying and Selling
In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company's stock.
Honeywell International Company Profile
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Free Report)
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.
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