Stifel Financial Corp Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Stifel Financial Corp raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,587,452 shares of the conglomerate's stock after purchasing an additional 23,035 shares during the period. Stifel Financial Corp owned 0.24% of Honeywell International worth $358,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Baldwin Wealth Partners LLC MA boosted its holdings in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after buying an additional 2,611 shares in the last quarter. World Investment Advisors lifted its position in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. acquired a new stake in Honeywell International in the fourth quarter valued at approximately $361,000. Costello Asset Management INC purchased a new position in Honeywell International in the fourth quarter worth $3,092,000. Finally, Schroder Investment Management Group increased its position in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HON. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Barclays lowered their price target on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Ten research 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 stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and a consensus price target of $242.15.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $1.58 during trading on Friday, hitting $199.16. 3,638,738 shares of the company's stock were exchanged, compared to its average volume of 3,662,048. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week 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 stock has a market capitalization of $128.11 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.51 and a beta of 1.01. The business has a 50-day simple moving average of $205.41 and a 200-day simple moving average of $215.86.

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 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%. On average, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International's payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 41,580 shares of the company's stock, valued at $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 is available through this link. Insiders own 0.41% of the company's stock.

About Honeywell International

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.