Deprince Race & Zollo Inc. Boosts Stake in Honeywell International Inc. $HON

Key Points

• Deprince Race & Zollo increased its stake in Honeywell by 44.8%, adding 54,644 shares to hold 176,493 shares valued at about $34.43 million at quarter-end.
• Honeywell beat Q4 estimates with EPS $2.59 vs. $2.54 and revenue of $10.07 billion (up 6.4% YoY), and analysts have raised price targets (average target ~$251.83) with a consensus of "Moderate Buy."
• The company pays a quarterly dividend of $1.19 (annualized $4.76, ~2.0% yield), while insiders sold roughly 18,190 shares (~$4.24 million) last quarter and institutional investors own about 75.91% of the stock.

Deprince Race & Zollo Inc. grew its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 44.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 176,493 shares of the conglomerate's stock after acquiring an additional 54,644 shares during the period. Deprince Race & Zollo Inc.'s holdings in Honeywell International were worth $34,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after acquiring an additional 118 shares during the period. JPL Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $31,000. Cedar Mountain Advisors LLC grew its holdings in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock worth $33,000 after acquiring an additional 84 shares during the period. Finally, Strive Asset Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock opened at $235.11 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $149.45 billion, a P/E ratio of 29.42, a PEG ratio of 3.40 and a beta of 0.93. The stock's 50 day moving average is $235.02 and its 200 day moving average is $214.30. Honeywell International Inc. has a twelve month low of $180.75 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the business posted $2.47 EPS. The company's revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International's dividend payout ratio (DPR) is currently 59.57%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on HON shares. Morgan Stanley upped their price target on Honeywell International from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 12th. Daiwa Securities Group upped their price target on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. The Goldman Sachs Group upped their price target on Honeywell International from $236.00 to $262.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Jefferies Financial Group upped their price target on Honeywell International from $240.00 to $245.00 and gave the stock a "hold" rating in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. upped their price target on Honeywell International from $255.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $251.83.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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