One68 Global Capital LLC Acquires New Position in Honeywell International Inc. (NASDAQ:HON)

One68 Global Capital LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,206 shares of the conglomerate's stock, valued at approximately $950,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mainstream Capital Management LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co grew its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at $30,000. Curio Wealth LLC acquired a new position in shares of Honeywell International during the 4th quarter worth about $35,000. Finally, Alexis Investment Partners LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $3.39 during trading on Friday, reaching $214.13. 4,378,467 shares of the stock were exchanged, compared to its average volume of 3,701,806. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a 50-day moving average price of $205.07 and a 200-day moving average price of $215.59. 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 market cap of $137.74 billion, a PE ratio of 24.58, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the firm posted $2.25 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analysts Set New Price Targets

Several brokerages recently commented on HON. JPMorgan Chase & Co. reduced their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, February 7th. Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday. Finally, Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $241.46.

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.