Canopy Partners LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Canopy Partners LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,162 shares of the conglomerate’s stock after acquiring an additional 509 shares during the quarter. Canopy Partners LLC’s holdings in Honeywell International were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock worth $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Geode Capital Management LLC raised its stake in Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after buying an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Honeywell International by 10.3% in the fourth 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 in the last quarter. Invesco Ltd. increased its holdings in shares of Honeywell International by 5.2% during the fourth quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate’s stock valued at $1,193,923,000 after acquiring an additional 263,188 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Honeywell International by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate’s stock valued at $881,225,000 after purchasing an additional 116,925 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred 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 transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Performance

NASDAQ HON opened at $190.99 on Monday. The company has a market cap of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 1-year low of $187.54 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a 50-day moving average of $211.63 and a two-hundred day moving average of $217.21.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

HON has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada decreased their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $249.08.

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.