12,032 Shares in Honeywell International Inc. (NASDAQ:HON) Acquired by Clearline Capital LP

Clearline Capital LP purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,032 shares of the conglomerate's stock, valued at approximately $2,718,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co boosted its stake in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $30,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of HON traded down $1.51 during midday trading on Friday, reaching $213.03. 2,393,982 shares of the stock were exchanged, compared to its average volume of 3,751,552. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 company has a market capitalization of $136.91 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.51 and a beta of 1.07. The business's 50-day moving average price is $205.26 and its 200 day moving average price is $215.30.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 earnings per share. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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 sale, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was 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 accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HON shares. Citigroup cut their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley boosted 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 note on Tuesday, February 11th. Barclays lowered their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $242.23.

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.