Glenview Trust co raised its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,781 shares of the conglomerate's stock after acquiring an additional 14,522 shares during the quarter. Glenview Trust co's holdings in Honeywell International were worth $29,316,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. State Street Corp lifted its stake in shares of Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock valued at $6,413,570,000 after buying an additional 92,112 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Honeywell International by 8.4% during the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 4.0% during the 3rd 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. Bank of New York Mellon Corp lifted its stake in shares of Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock valued at $1,527,867,000 after buying an additional 631,761 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Honeywell International by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate's stock valued at $822,458,000 after buying an additional 265,789 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, VP Anne T. Madden sold 28,885 shares of the company's 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 completion of the sale, the vice president now owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target 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. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $249.38.
Check Out Our Latest Stock Report on HON
Honeywell International Price Performance
Shares of NASDAQ:HON traded up $2.24 during trading on Thursday, reaching $210.89. The company had a trading volume of 3,582,881 shares, compared to its average volume of 3,208,709. The company has a fifty day moving average of $214.37 and a two-hundred day moving average of $216.56. The stock has a market capitalization of $137.06 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.
Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Announces Dividend
The firm 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. Honeywell International's dividend payout ratio (DPR) is 51.89%.
Honeywell International 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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