Longbow Finance SA Invests $8.81 Million in Honeywell International Inc. (NASDAQ:HON)

Longbow Finance SA purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,995 shares of the conglomerate’s stock, valued at approximately $8,809,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after buying an additional 92,112 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the period. Geode Capital Management LLC lifted 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 valued at $2,959,535,000 after buying an additional 547,998 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after buying an additional 631,761 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Honeywell International by 7.2% in 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. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

HON has been the subject of several research analyst reports. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada dropped their price objective on 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. 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 research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Trading Down 1.0 %

NASDAQ:HON opened at $209.91 on Tuesday. 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 stock has a market cap of $136.42 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The business’s 50-day simple moving average is $219.91 and its 200 day simple moving average is $215.56.

Honeywell International (NASDAQ:HON) last posted 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 return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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 given a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

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.