CORDA Investment Management LLC. Buys 496 Shares of Honeywell International Inc. (NASDAQ:HON)

CORDA Investment Management LLC. lifted its position in Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 94,415 shares of the conglomerate’s stock after buying an additional 496 shares during the quarter. CORDA Investment Management LLC.’s holdings in Honeywell International were worth $21,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HON. State Street Corp grew its stake in Honeywell International by 0.3% during the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after buying an additional 92,112 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after acquiring an additional 547,998 shares in the last quarter. Bank of New York Mellon Corp grew its position in Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after acquiring an additional 631,761 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Honeywell International by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock valued at $822,458,000 after purchasing an additional 265,789 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on Monday, February 10th. The shares were 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 owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.4 %

Shares of Honeywell International stock opened at $212.27 on Friday. The business has a fifty day simple moving average of $218.88 and a 200 day simple moving average of $215.61. The stock has a market cap of $137.96 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HON shares. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Citigroup reduced their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. UBS Group reiterated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Morgan Stanley raised their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International 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.