Honeywell International Inc. (NASDAQ:HON) Stock Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,758 shares of the conglomerate’s stock after purchasing an additional 20,249 shares during the period. Russell Investments Group Ltd.’s holdings in Honeywell International were worth $80,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Howard Capital Management Group LLC lifted its position in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares in the last quarter. United Bank lifted its holdings in shares of Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate’s stock valued at $1,692,000 after purchasing an additional 220 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Honeywell International by 6.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 84,325 shares of the conglomerate’s stock worth $17,431,000 after buying an additional 4,945 shares during the period. EP Wealth Advisors LLC raised its position in Honeywell International by 7.4% during the third quarter. EP Wealth Advisors LLC now owns 362,413 shares of the conglomerate’s stock valued at $74,914,000 after buying an additional 25,033 shares during the period. Finally, National Bank of Canada FI lifted its stake in Honeywell International by 60.4% in the 3rd quarter. National Bank of Canada FI now owns 749,211 shares of the conglomerate’s stock worth $154,869,000 after acquiring an additional 282,090 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company 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 report on Monday, December 23rd. Barclays reduced their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $249.08.

Honeywell International Stock Down 7.6 %

Shares of HON stock opened at $190.99 on Friday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $124.13 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The stock has a 50 day moving average of $211.63 and a 200-day moving average of $217.10.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.37%. Honeywell International’s dividend payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In related 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 value of $6,004,902.65. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

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.