Capital Advisors Inc. OK boosted its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 49.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354,804 shares of the conglomerate's stock after purchasing an additional 117,690 shares during the quarter. Honeywell International comprises approximately 1.7% of Capital Advisors Inc. OK's portfolio, making the stock its 11th biggest position. Capital Advisors Inc. OK owned approximately 0.05% of Honeywell International worth $74,406,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of Honeywell International by 1.6% in the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate's stock valued at $3,275,277,000 after purchasing an additional 241,992 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate's stock valued at $1,292,307,000 after acquiring an additional 347,808 shares during the period. Northern Trust Corp grew its position in shares of Honeywell International by 4.3% during the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate's stock worth $1,188,533,000 after acquiring an additional 263,640 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Honeywell International by 101,603.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate's stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Honeywell International by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate's stock valued at $656,812,000 after purchasing an additional 34,135 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Darius Adamczyk sold 25,500 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares of the company's stock, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.
Honeywell International Price Performance
Shares of HON traded down $0.71 during mid-day trading on Friday, reaching $196.16. 3,499,520 shares of the company's stock were exchanged, compared to its average volume of 2,761,924. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The company has a market cap of $127.74 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.25 and a beta of 1.02. The company has a 50-day simple moving average of $198.52 and a two-hundred day simple moving average of $195.71.
Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.52 earnings per share. On average, sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.20%. Honeywell International's payout ratio is currently 51.00%.
Analyst Ratings Changes
HON has been the subject of several analyst reports. Royal Bank of Canada reduced their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. 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. Berenberg Bank raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $220.25.
Get Our Latest Stock Analysis on HON
Honeywell International Company Profile
(
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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