ZEGA Investments LLC Purchases Shares of 1,669 Honeywell International Inc. (NASDAQ:HON)

ZEGA Investments LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,669 shares of the conglomerate's stock, valued at approximately $370,000.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth about $88,000. Wayfinding Financial LLC bought a new position in Honeywell International during the fourth quarter valued at approximately $273,000. TD Private Client Wealth LLC lifted its stake in Honeywell International by 6.5% in the fourth quarter. TD Private Client Wealth LLC now owns 15,531 shares of the conglomerate's stock valued at $3,508,000 after acquiring an additional 943 shares during the last quarter. Financial Network Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter worth $203,000. Finally, Independent Solutions Wealth Management LLC increased its stake in shares of Honeywell International by 113.5% during the 4th quarter. Independent Solutions Wealth Management LLC now owns 7,054 shares of the conglomerate's stock worth $1,593,000 after purchasing an additional 3,750 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Royal Bank of Canada decreased their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. Finally, StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Ten investment 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.com, Honeywell International currently has a consensus rating of "Hold" and an average price target of $249.08.

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Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $1.00 during mid-day trading on Wednesday, hitting $213.12. The company had a trading volume of 5,250,414 shares, compared to its average volume of 3,241,894. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a market cap of $138.51 billion, a P/E ratio of 24.47, a PEG ratio of 2.51 and a beta of 1.08. The business's 50-day simple moving average is $213.75 and its 200-day simple moving average is $216.85. 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 announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping 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%. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

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.