International Assets Investment Management LLC raised its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6,557.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 940,661 shares of the conglomerate's stock after buying an additional 926,531 shares during the quarter. International Assets Investment Management LLC owned approximately 0.14% of Honeywell International worth $197,266,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. grew its stake in shares of Honeywell International by 2.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate's stock valued at $700,000 after acquiring an additional 100 shares in the last quarter. Fairfield Bush & CO. grew its stake in Honeywell International by 5.4% in the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate's stock worth $1,864,000 after purchasing an additional 492 shares in the last quarter. United Bank increased its holdings in Honeywell International by 25.0% in the first quarter. United Bank now owns 8,404 shares of the conglomerate's stock valued at $1,635,000 after buying an additional 1,683 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate's stock worth $151,949,000 after buying an additional 187,936 shares during the last quarter. Finally, AMI Investment Management Inc. grew its position in shares of Honeywell International by 16.8% in the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate's stock worth $224,000 after acquiring an additional 165 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Price Performance
Shares of HON stock traded up $1.10 during mid-day trading on Friday, hitting $197.15. 1,881,187 shares of the stock traded hands, compared to its average volume of 3,045,352. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The company's 50-day simple moving average is $199.01 and its 200-day simple moving average is $195.49. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The firm has a market cap of $128.38 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion for the quarter, compared to analysts' expectations of $9.70 billion. During the same quarter in the prior year, the company earned $2.52 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current year.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.19%. Honeywell International's payout ratio is currently 51.00%.
Analysts Set New Price Targets
Several equities analysts have recently commented on HON shares. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a report on Tuesday. Royal Bank of Canada cut their target price on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research note on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of "Hold" and a consensus target price of $221.11.
Check Out Our Latest Stock Analysis on HON
Insiders Place Their Bets
In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares of the company's stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.45% of the company's stock.
About Honeywell International
(
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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