Honeywell International Inc. (NASDAQ:HON) Stock Position Lifted by Invesco Ltd.

Invesco Ltd. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,285,417 shares of the conglomerate's stock after buying an additional 263,188 shares during the period. Invesco Ltd. owned 0.81% of Honeywell International worth $1,193,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valmark Advisers Inc. increased its stake in Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after buying an additional 47 shares during the period. Saxony Capital Management LLC lifted its position in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC increased its position in shares of Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after acquiring an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. raised its stake in shares of Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after acquiring an additional 49 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on HON shares. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada decreased their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research note on Tuesday. Barclays decreased their target price on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Ten research 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 MarketBeat, the company presently has an average rating of "Hold" and an average price target of $245.00.

Honeywell International Stock Performance

Shares of HON traded up $5.16 during mid-day trading on Friday, hitting $198.55. The stock had a trading volume of 5,102,399 shares, compared to its average volume of 3,625,920. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two 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 $129.04 billion, a PE ratio of 22.80, a PEG ratio of 2.51 and a beta of 1.01. The company's fifty day simple moving average is $207.27 and its two-hundred day simple moving average is $216.42.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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 expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 2.28%. Honeywell International's payout ratio is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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 sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.