Summit Financial LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,347 shares of the conglomerate's stock after acquiring an additional 4,679 shares during the period. Summit Financial LLC's holdings in Honeywell International were worth $7,759,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in HON. Vanguard Group Inc. lifted its position in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after purchasing an additional 380,299 shares during the period. State Street Corp increased its stake in Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock valued at $6,413,570,000 after purchasing an additional 92,112 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
HON has been the topic of a number of analyst reports. Citigroup lowered their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $249.08.
Get Our Latest Research Report on Honeywell International
Insider Activity at Honeywell International
In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company's stock.
Honeywell International Trading Down 4.3 %
Honeywell International stock traded down $8.92 during midday trading on Friday, reaching $197.76. The stock had a trading volume of 3,102,607 shares, compared to its average volume of 3,510,198. The stock has a market capitalization of $128.53 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. 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's 50-day simple moving average is $212.24 and its 200 day simple moving average is $217.11. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.
Honeywell International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.29%. Honeywell International's payout ratio is 51.89%.
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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