Quadrant Capital Group LLC Purchases 917 Shares of Honeywell International Inc. (NASDAQ:HON)

Quadrant Capital Group LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 12.9% in the fourth quarter, Holdings Channel reports. The firm owned 8,008 shares of the conglomerate’s stock after purchasing an additional 917 shares during the period. Quadrant Capital Group LLC’s holdings in Honeywell International were worth $1,809,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HON. Russell Investments Group Ltd. raised its stake in Honeywell International by 6.1% in the fourth quarter. Russell Investments Group Ltd. now owns 354,758 shares of the conglomerate’s stock valued at $80,138,000 after purchasing an additional 20,249 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at $109,000. Wedbush Securities Inc. lifted its holdings in shares of Honeywell International by 4.6% during the 4th quarter. Wedbush Securities Inc. now owns 13,258 shares of the conglomerate’s stock worth $2,995,000 after acquiring an additional 581 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Honeywell International by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,051,730 shares of the conglomerate’s stock valued at $237,575,000 after acquiring an additional 22,616 shares during the last quarter. Finally, Perennial Investment Advisors LLC raised its position in Honeywell International by 5.2% during the fourth quarter. Perennial Investment Advisors LLC now owns 1,796 shares of the conglomerate’s stock valued at $406,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HON shares. Royal Bank of Canada reduced their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Citigroup lowered their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $249.08.

Honeywell International Stock Down 7.6 %

HON stock opened at $190.99 on Friday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a market capitalization of $124.13 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business’s 50 day moving average price is $211.63 and its two-hundred day moving average price is $217.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

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.