Rhumbline Advisers Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Rhumbline Advisers decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,156,347 shares of the conglomerate's stock after selling 23,096 shares during the period. Rhumbline Advisers owned approximately 0.18% of Honeywell International worth $261,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International during the third quarter valued at $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter valued at $29,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International during the fourth quarter valued at $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON traded up $5.29 during midday trading on Tuesday, hitting $208.04. The company's stock had a trading volume of 4,896,669 shares, compared to its average volume of 4,100,424. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm's 50 day moving average is $221.86 and its 200-day moving average is $215.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The firm has a market cap of $135.28 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm'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 value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This trade 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 hyperlink. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HON shares. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $248.71.

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.