Bolthouse Investments LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,165 shares of the conglomerate's stock, valued at approximately $715,000.
A number of other institutional investors and hedge funds have also bought and sold shares of HON. Valmark Advisers Inc. increased its position in shares of Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after purchasing an additional 45 shares during the period. ZWJ Investment Counsel Inc. boosted its stake in shares of Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC grew its holdings in shares of Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its position in Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after purchasing an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. increased its stake in shares of 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 during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HON has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Royal Bank of Canada raised their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday. Wells Fargo & Company increased their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $241.46.
Check Out Our Latest Analysis on Honeywell International
Honeywell International Stock Down 0.1 %
NASDAQ:HON traded down $0.21 during trading hours on Thursday, reaching $210.30. 1,524,406 shares of the stock were exchanged, compared to its average volume of 3,695,484. 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 Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a 50 day moving average of $205.01 and a 200 day moving average of $215.66. The stock has a market cap of $135.27 billion, a PE ratio of 24.15, a PEG ratio of 2.51 and a beta of 1.01.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the company posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. 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 2.15%. Honeywell International's dividend payout ratio is currently 51.95%.
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 sale, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.41% of the company's stock.
Honeywell International Company Profile
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Free Report)
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.
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