Moore Capital Management LP Takes $16.53 Million Position in Honeywell International Inc. (NASDAQ:HON)

Moore Capital Management LP bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,154 shares of the conglomerate's stock, valued at approximately $16,525,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Leigh Baldwin & CO. LLC acquired a new position in Honeywell International in the fourth quarter valued at approximately $123,294,000. LRI Investments LLC grew its stake in shares of Honeywell International by 3.0% during the 4th quarter. LRI Investments LLC now owns 8,903 shares of the conglomerate's stock worth $2,011,000 after acquiring an additional 259 shares in the last quarter. Lionshead Wealth Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $282,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $592,000. Finally, Jefferies Financial Group Inc. raised its holdings in shares of Honeywell International by 409.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 86,002 shares of the conglomerate's stock valued at $19,427,000 after purchasing an additional 69,115 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 2.4%

Shares of HON traded up $5.11 during trading hours on Thursday, reaching $222.29. The stock had a trading volume of 4,132,899 shares, compared to its average volume of 3,763,342. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a 50-day simple moving average of $205.65 and a 200 day simple moving average of $215.45. 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 $142.86 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the firm posted $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 2.03%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. StockNews.com upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Eight investment 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, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $242.23.

About Honeywell International

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.