Madison Investment Advisors LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Madison Investment Advisors LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 136,726 shares of the conglomerate's stock, valued at approximately $30,885,000.

A number of other hedge funds have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter worth $25,000. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at $25,000. Hoese & Co LLP bought a new stake in shares of Honeywell International in the fourth quarter valued at $30,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after buying an additional 81 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company'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 transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company's stock.

Honeywell International Trading Down 1.1 %

HON opened at $206.35 on Thursday. The business has a 50 day simple moving average of $215.76 and a two-hundred day simple moving average of $216.45. The firm has a market capitalization of $134.11 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

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Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS 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%. Analysts predict that Honeywell International Inc. will post 10.34 EPS 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 issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. Honeywell International's dividend payout ratio (DPR) is 51.89%.

Analysts Set New Price Targets

Several analysts have issued reports on HON shares. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. UBS Group reiterated a "buy" rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. 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. Finally, HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of "Hold" and an average target price of $249.38.

Honeywell International Company 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.

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