Tower Research Capital LLC TRC Has $15.14 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Tower Research Capital LLC TRC lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 52.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,032 shares of the conglomerate's stock after acquiring an additional 22,920 shares during the period. Tower Research Capital LLC TRC's holdings in Honeywell International were worth $15,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in Honeywell International during the fourth quarter worth $30,000. Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter valued at $35,000. Finally, Alexis Investment Partners LLC bought a new stake in Honeywell International in the 4th quarter valued at $37,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on HON. Citigroup cut their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Barclays reduced their target price on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada lowered their price target on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $242.15.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.41% of the company's stock.

Honeywell International Price Performance

HON traded down $1.06 during trading on Wednesday, hitting $197.31. The company's stock had a trading volume of 4,157,006 shares, compared to its average volume of 3,663,488. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $126.92 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The firm's 50 day moving average price is $205.45 and its two-hundred day moving average price is $215.88. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results 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 forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio is 51.89%.

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.