Geode Capital Management LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

Geode Capital Management LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,988,152 shares of the conglomerate's stock after buying an additional 627,422 shares during the period. Geode Capital Management LLC owned 2.30% of Honeywell International worth $3,379,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Honeywell International in the fourth quarter worth about $435,786,000. ING Groep NV boosted its position in shares of Honeywell International by 884.0% in the 4th 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. Wellington Management Group LLP grew its stake in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Cibc World Markets Corp raised its stake in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Finally, Boston Partners boosted its holdings in Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after acquiring an additional 677,213 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

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Honeywell International Stock Performance

Shares of NASDAQ HON traded down $15.69 during midday trading on Friday, hitting $190.99. 8,445,242 shares of the company's stock traded hands, compared to its average volume of 3,536,397. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market capitalization of $124.13 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The firm has a fifty day moving average of $211.63 and a 200 day moving average of $217.10. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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 forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.37%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Insiders Place Their Bets

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 shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Royal Bank of Canada cut their price target on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their target price on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $249.08.

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.