8,784 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,784 shares of the conglomerate's stock, valued at approximately $1,984,000. Honeywell International accounts for approximately 2.0% of Yoffe Investment Management LLC's portfolio, making the stock its 8th biggest position.

A number of other hedge funds have also bought and sold shares of HON. Valmark Advisers Inc. lifted its stake in shares of Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after acquiring an additional 47 shares during the period. Saxony Capital Management LLC raised its stake in Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its stake in shares of Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after acquiring an additional 48 shares during the period. Finally, Bill Few Associates Inc. raised its position in Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Remove Ads

Honeywell International Stock Down 1.7 %

Shares of HON stock traded down $3.12 on Tuesday, hitting $184.34. The stock had a trading volume of 4,015,499 shares, compared to its average volume of 3,563,009. Honeywell International Inc. has a 12-month low of $183.39 and a 12-month high of $242.77. The business has a 50 day moving average of $210.86 and a 200 day moving average of $217.10. The stock has a market cap of $119.81 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is presently 51.89%.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Citigroup dropped their price objective on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Royal Bank of Canada dropped their price target 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. Barclays dropped their target price on shares of 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, Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $245.00.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm'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 completion of the transaction, the vice president now 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 filing with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company's stock.

Honeywell International 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.