Russell Investments Group Ltd. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 354,758 shares of the conglomerate's stock after purchasing an additional 20,249 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Honeywell International worth $80,138,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $435,786,000. ING Groep NV boosted its stake in 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 purchasing an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of 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 buying an additional 1,018,099 shares in the last quarter. Boston Partners raised its holdings in shares of Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after buying an additional 677,213 shares during the last quarter. Finally, Cibc World Market Inc. grew 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 acquiring an additional 654,207 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction 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 directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.
Honeywell International Stock Up 2.0 %
Shares of NASDAQ:HON traded up $3.94 during midday trading on Friday, reaching $197.33. 1,568,155 shares of the company were exchanged, compared to its average volume of 3,610,025. The firm has a market cap of $128.25 billion, a PE ratio of 22.67, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a fifty day simple moving average of $207.77 and a two-hundred day simple moving average of $216.48.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side 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 dividend of $1.13 per share. 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 2.29%. Honeywell International's dividend payout ratio is 51.89%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on HON. Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Barclays reduced their target price on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Ten 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $245.00.
View Our Latest Research Report on HON
Honeywell International 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.
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