Lindbrook Capital LLC decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 59.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,295 shares of the conglomerate's stock after selling 4,791 shares during the period. Lindbrook Capital LLC's holdings in Honeywell International were worth $744,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in HON. Howard Capital Management Group LLC increased its position in Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after acquiring an additional 174 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Honeywell International by 5.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,295 shares of the conglomerate's stock valued at $6,056,000 after purchasing an additional 1,511 shares during the period. United Advisor Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter valued at $383,000. Radnor Capital Management LLC acquired a new position in shares of Honeywell International during the 3rd quarter valued at $883,000. Finally, Maia Wealth LLC increased its position in shares of Honeywell International by 6.2% during the 3rd quarter. Maia Wealth LLC now owns 1,132 shares of the conglomerate's stock valued at $237,000 after purchasing an additional 66 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on HON shares. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. 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's stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and a consensus price target of $249.38.
Get Our Latest Report on HON
Insider Transactions at Honeywell International
In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated 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 owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.
Honeywell International Stock Up 1.5 %
Shares of HON stock traded up $3.26 on Friday, reaching $214.52. 5,682,281 shares of the company's stock traded hands, compared to its average volume of 4,335,279. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market capitalization of $139.42 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business's 50 day moving average price is $216.76 and its two-hundred day moving average price is $216.39.
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 for the quarter, beating 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, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.11%. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.
Honeywell International Company 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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