Virtu Financial LLC Invests $9.51 Million in Honeywell International Inc. (NASDAQ:HON)

Virtu Financial LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 42,098 shares of the conglomerate's stock, valued at approximately $9,509,000. Honeywell International comprises approximately 0.5% of Virtu Financial LLC's portfolio, making the stock its 20th biggest position.

Several other large investors also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Honeywell International in the 4th quarter worth about $435,786,000. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after buying an additional 1,574,376 shares during the period. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after acquiring an additional 1,376,479 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Finally, Boston Partners boosted its stake in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock worth $675,986,000 after purchasing an additional 677,213 shares during the period. Institutional investors own 75.91% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on HON shares. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Morgan Stanley increased their price target 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. Finally, Barclays lowered their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $249.08.

Honeywell International Stock Performance

Shares of HON stock traded up $1.00 during trading on Wednesday, reaching $213.12. The company had a trading volume of 5,250,414 shares, compared to its average volume of 3,241,894. The company has a market capitalization of $138.51 billion, a PE ratio of 24.47, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm's 50 day simple moving average is $213.75 and its two-hundred day simple moving average is $216.85. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its 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 net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share 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 paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.12%. Honeywell International's payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.