Fred Alger Management LLC Has $14.34 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Fred Alger Management LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 65.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,493 shares of the conglomerate's stock after buying an additional 25,118 shares during the period. Fred Alger Management LLC's holdings in Honeywell International were worth $14,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Family Management Corp acquired a new position in shares of Honeywell International in the fourth quarter valued at $201,000. Fullcircle Wealth LLC increased its holdings in shares of Honeywell International by 31.6% in the fourth quarter. Fullcircle Wealth LLC now owns 5,491 shares of the conglomerate's stock valued at $1,240,000 after purchasing an additional 1,320 shares during the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of Honeywell International by 1.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 10,206 shares of the conglomerate's stock worth $2,305,000 after acquiring an additional 142 shares during the period. Cladis Investment Advisory LLC boosted its holdings in shares of Honeywell International by 2.0% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,508 shares of the conglomerate's stock worth $1,018,000 after acquiring an additional 88 shares during the period. Finally, Clearline Capital LP bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $2,718,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HON shares. Citigroup reduced their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a report on Wednesday. Barclays decreased 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 note on Wednesday, April 30th. Morgan Stanley upped their price target 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, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $242.23.

Insider Transactions at Honeywell International

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 shares were sold at an average price of $207.89, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company's stock.

Honeywell International Price Performance

HON traded down $1.51 during trading on Friday, hitting $213.03. 2,393,982 shares of the stock traded hands, 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 market cap 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 company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The business has a 50 day moving average price of $205.26 and a 200 day moving average price of $215.34.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued 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 dividend yield of 2.12%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

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.