HUB Investment Partners LLC boosted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,636 shares of the conglomerate's stock after purchasing an additional 2,827 shares during the period. HUB Investment Partners LLC's holdings in Honeywell International were worth $7,824,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Honeywell International during the fourth quarter valued at about $435,786,000. ING Groep NV lifted its position in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after buying 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% 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 acquiring an additional 1,376,479 shares during the period. Cibc World Markets Corp increased its holdings in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Finally, Boston Partners raised its stake in Honeywell International by 29.2% during the 4th 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 during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.
Insider Buying and Selling
In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of 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 upped their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, Barclays cut their price objective on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $249.38.
Get Our Latest Stock Report on HON
Honeywell International Trading Up 0.8 %
Shares of NASDAQ:HON traded up $1.73 during trading on Monday, reaching $211.85. The company's stock had a trading volume of 4,245,862 shares, compared to its average volume of 3,233,378. The firm's 50 day simple moving average is $213.88 and its two-hundred day simple moving average is $216.75. 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 Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The stock has a market capitalization of $137.69 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its 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 return on equity of 35.78% and a net margin of 14.82%. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Honeywell International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 2.13%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.
About Honeywell International
(
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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