Fortis Capital Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 71.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,033 shares of the conglomerate's stock after selling 2,593 shares during the quarter. Fortis Capital Advisors LLC's holdings in Honeywell International were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in HON. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $435,786,000. ING Groep NV lifted its stake in shares of 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 acquiring an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp boosted its holdings in Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Boston Partners grew its stake in Honeywell International by 29.2% during the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after purchasing an additional 677,213 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in 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 purchasing an additional 654,207 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
HON has been the subject of several research analyst reports. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Barclays dropped their target price on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Morgan Stanley increased 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. Finally, JPMorgan Chase & Co. lowered their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $242.15.
Get Our Latest Research Report on Honeywell International
Honeywell International Stock Performance
NASDAQ:HON traded down $1.44 during midday trading on Tuesday, reaching $198.81. 2,808,029 shares of the company traded hands, compared to its average volume of 3,629,211. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 company has a fifty day moving average price of $206.83 and a 200 day moving average price of $216.43. The firm has a market capitalization of $129.21 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly 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, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.
Insider Transactions at Honeywell International
In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction 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 sale, the vice president now 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company's stock.
Honeywell International Company Profile
(
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.
See Also
Before you consider Honeywell International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honeywell International wasn't on the list.
While Honeywell International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
