7,000 Shares in Honeywell International Inc. (NASDAQ:HON) Acquired by Harbert Fund Advisors Inc.

Harbert Fund Advisors Inc. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,000 shares of the conglomerate's stock, valued at approximately $1,581,000.

Other institutional investors also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter worth approximately $30,000. Curio Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter valued at about $35,000. Finally, Hopwood Financial Services Inc. acquired a new position in Honeywell International in the fourth quarter worth approximately $44,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.1 %

Shares of HON stock traded down $2.15 on Wednesday, hitting $196.66. The company had a trading volume of 1,339,899 shares, compared to its average volume of 3,620,511. 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 quick ratio of 1.01 and a current ratio of 1.31. The stock's 50-day moving average is $206.61 and its two-hundred day moving average is $216.31. The firm has a market cap of $126.50 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.51 and a beta of 1.01.

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Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. On average, equities research analysts anticipate 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. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is currently 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 dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Citigroup decreased their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. cut their price target 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 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $242.15.

About Honeywell International

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.