Principal Securities Inc. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,240 shares of the conglomerate's stock after purchasing an additional 3,740 shares during the quarter. Principal Securities Inc.'s holdings in Honeywell International were worth $3,668,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in 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 buying an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock valued at $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Cibc World Market Inc. grew its holdings in Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock valued at $193,890,000 after buying an additional 654,207 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock valued at $129,415,000 after buying an additional 575,865 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after buying an additional 547,998 shares in the last quarter. Institutional investors own 75.91% of the company's stock.
Insider Transactions at Honeywell International
In other news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.
Honeywell International Stock Up 0.3 %
NASDAQ HON traded up $0.54 on Thursday, reaching $211.35. 3,635,312 shares of the stock traded hands, compared to its average volume of 4,115,585. 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 fifty day moving average price of $221.07 and a 200-day moving average price of $215.19. The company has a market cap of $137.36 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.47 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last issued its 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%. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Honeywell International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International's payout ratio is 51.89%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on HON. Wells Fargo & Company dropped their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Wolfe Research cut Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Finally, StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $248.71.
View Our Latest Report on Honeywell International
Honeywell International Company Profile
(
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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