Rinkey Investments Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Rinkey Investments purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,339 shares of the conglomerate's stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. Capital World Investors bought a new stake in Honeywell International during the 4th quarter valued at $1,594,216,000. Raymond James Financial Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $435,786,000. ING Groep NV grew its holdings in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC acquired a new position in Honeywell International during the 4th quarter valued at about $155,407,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on HON. Barclays decreased their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday. Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $241.46.

Honeywell International Trading Down 0.5 %

NASDAQ:HON traded down $0.99 during trading hours on Wednesday, hitting $210.50. The company had a trading volume of 5,024,489 shares, compared to its average volume of 4,595,594. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. 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 company has a 50-day moving average of $205.04 and a 200 day moving average of $215.70. The company has a market cap of $135.41 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is 51.89%.

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.