Colonial River Investments LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Colonial River Investments LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,598 shares of the conglomerate’s stock after acquiring an additional 82 shares during the period. Colonial River Investments LLC’s holdings in Honeywell International were worth $361,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HON. Howard Capital Management Group LLC boosted its position in Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after buying an additional 174 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Honeywell International by 1.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock worth $3,905,000 after purchasing an additional 232 shares in the last quarter. Parcion Private Wealth LLC purchased a new stake in Honeywell International in the 3rd quarter worth approximately $350,000. PFG Investments LLC boosted its position in Honeywell International by 6.2% in the 3rd quarter. PFG Investments LLC now owns 10,827 shares of the conglomerate’s stock worth $2,238,000 after purchasing an additional 636 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Honeywell International by 4.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 598,248 shares of the conglomerate’s stock worth $122,831,000 after purchasing an additional 25,835 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on 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 upped their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Up 0.3 %

NASDAQ HON opened at $211.94 on Monday. The business has a fifty day moving average price of $220.43 and a 200 day moving average price of $215.49. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market cap of $137.74 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the 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 approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

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.