Elefante Mark B Buys Shares of 2,219 Honeywell International Inc. (NASDAQ:HON)

Elefante Mark B purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,219 shares of the conglomerate's stock, valued at approximately $501,000.

A number of other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in Honeywell International by 3.7% during the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate's stock worth $164,836,000 after purchasing an additional 28,812 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Honeywell International by 11.3% during the fourth quarter. ST Germain D J Co. Inc. now owns 10,323 shares of the conglomerate's stock valued at $2,332,000 after acquiring an additional 1,048 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Honeywell International by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 15,342 shares of the conglomerate's stock valued at $3,466,000 after acquiring an additional 376 shares during the period. Sage Capital Advisors llc boosted its holdings in shares of Honeywell International by 0.5% during the fourth quarter. Sage Capital Advisors llc now owns 18,570 shares of the conglomerate's stock valued at $4,195,000 after acquiring an additional 85 shares during the period. Finally, Atlas Brown Inc. boosted its holdings in shares of Honeywell International by 8.3% during the fourth quarter. Atlas Brown Inc. now owns 1,645 shares of the conglomerate's stock valued at $372,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

Honeywell International stock traded down $0.73 during midday trading on Wednesday, hitting $217.49. The company's stock had a trading volume of 1,723,868 shares, compared to its average volume of 3,746,340. 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's 50-day moving average price is $205.60 and its 200-day moving average price is $215.44. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market capitalization of $139.78 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.08%. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HON. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.