Honeywell International Inc. (NASDAQ:HON) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,642 shares of the conglomerate's stock after acquiring an additional 15,904 shares during the quarter. NEOS Investment Management LLC's holdings in Honeywell International were worth $18,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Baldwin Wealth Partners LLC MA increased its position in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after purchasing an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. purchased a new stake in Honeywell International during the fourth quarter valued at approximately $361,000. Costello Asset Management INC bought a new position in Honeywell International in the fourth quarter worth approximately $3,092,000. Raymond James Financial Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth $435,786,000. Finally, Dynasty Wealth Management LLC grew its position in shares of Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after acquiring an additional 3,879 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on HON. JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Citigroup lowered their price target on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of "Hold" and a consensus price target of $249.08.

Honeywell International Stock Up 0.2 %

NASDAQ:HON traded up $0.43 during midday trading on Monday, reaching $210.77. 1,021,949 shares of the stock traded hands, compared to its average volume of 4,285,998. The business has a 50-day moving average of $213.21 and a two-hundred day moving average of $217.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The stock has a market capitalization of $136.98 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

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%. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. Honeywell International's payout ratio is 51.89%.

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.