Provident Investment Management Inc. Makes New $494,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Provident Investment Management Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,187 shares of the conglomerate's stock, valued at approximately $494,000.

A number of other institutional investors have also recently bought and sold shares of HON. Raymond James Financial Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at $435,786,000. ING Groep NV raised its position in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the period. Wellington Management Group LLP lifted its stake in Honeywell International by 8.4% during 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 buying an additional 1,376,479 shares in the last quarter. Cibc World Markets Corp raised its stake in Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Finally, Boston Partners boosted its position in 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 during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

NASDAQ HON traded down $3.12 on Tuesday, reaching $184.34. The company's stock had a trading volume of 4,015,499 shares, compared to its average volume of 3,563,009. The firm has a market cap of $119.81 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $183.39 and a 52 week high of $242.77. The business has a 50-day moving average price of $210.86 and a 200 day moving average price of $217.10.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (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%. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports 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 for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Hsbc Global Res upgraded Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Hold" and an average price target of $245.00.

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.