Sapient Capital LLC Takes $1.23 Million Position in Honeywell International Inc. (NASDAQ:HON)

Sapient Capital LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,877 shares of the conglomerate's stock, valued at approximately $1,232,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at $31,000. Cordant Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the fourth quarter worth about $37,000. TFO Wealth Partners LLC lifted its holdings in shares of Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate's stock worth $41,000 after purchasing an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Honeywell International in the fourth quarter valued at approximately $48,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $2.17 during midday trading on Friday, reaching $195.81. 2,251,381 shares of the company's stock traded hands, compared to its average volume of 2,992,784. The company has a fifty day simple moving average of $197.66 and a two-hundred day simple moving average of $196.58. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a market cap of $127.51 billion, a P/E ratio of 22.69, a PEG ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Equities analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International's payout ratio is 50.06%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of 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. Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average price target of $215.71.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the firm's stock in a transaction dated 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 transaction, the director now directly 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 accessible through this link. In other news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.