Huntington National Bank decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,786 shares of the conglomerate's stock after selling 5,635 shares during the period. Huntington National Bank's holdings in Honeywell International were worth $38,127,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Honeywell International during the 4th quarter worth $435,786,000. ING Groep NV increased its holdings in shares of Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the period. Wellington Management Group LLP grew its stake in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Cibc World Markets Corp grew its position in shares of 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 buying an additional 1,018,099 shares during the last quarter. Finally, Boston Partners raised its stake in shares of 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 in the last quarter. 75.91% of the stock is currently owned by institutional investors.
Insider Activity
In related news, VP Anne T. Madden sold 28,885 shares of the business'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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company 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 stock a "buy" rating in a report on Thursday, December 12th. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Wells Fargo & Company lowered their target price 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. Finally, Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Hold" and an average target price of $249.08.
Get Our Latest Analysis on HON
Honeywell International Price Performance
Shares of HON stock traded down $4.19 during mid-day trading on Monday, hitting $186.80. 3,415,588 shares of the stock were exchanged, compared to its average volume of 4,377,356. Honeywell International Inc. has a 52-week low of $183.39 and a 52-week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $121.41 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The firm has a fifty day moving average of $211.63 and a 200 day moving average of $217.21.
Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (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%. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio 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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