Gotham Asset Management LLC Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Gotham Asset Management LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,339 shares of the conglomerate's stock after selling 22,983 shares during the period. Gotham Asset Management LLC's holdings in Honeywell International were worth $2,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. FNY Investment Advisers LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $45,000. Fiduciary Financial Group LLC raised its stake in shares of Honeywell International by 5.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 1,251 shares of the conglomerate's stock valued at $273,000 after purchasing an additional 61 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Honeywell International by 2.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,358 shares of the conglomerate's stock valued at $4,373,000 after purchasing an additional 466 shares during the period. Park Avenue Securities LLC grew its position in Honeywell International by 107.6% during the fourth quarter. Park Avenue Securities LLC now owns 19,961 shares of the conglomerate's stock worth $4,509,000 after buying an additional 10,347 shares in the last quarter. Finally, Apella Capital LLC grew its position in Honeywell International by 13.8% during the fourth quarter. Apella Capital LLC now owns 1,893 shares of the conglomerate's stock worth $428,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HON shares. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Royal Bank of Canada increased their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday. 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, May 7th. Finally, JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $245.23.

Honeywell International Stock Up 0.9%

Shares of Honeywell International stock traded up $2.06 on Monday, reaching $224.94. The company's stock had a trading volume of 3,414,081 shares, compared to its average volume of 3,769,247. The company has a market capitalization of $144.57 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.51 and a beta of 1.07. The firm's fifty day simple moving average is $206.11 and its two-hundred day simple moving average is $215.83. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly 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. The firm had revenue of $9.82 billion for 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 for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.25 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 dividend yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Honeywell International Company 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.