Longbow Finance SA Buys Shares of 38,995 Honeywell International Inc. (NASDAQ:HON)

Longbow Finance SA bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, HoldingsChannel.com reports. The firm bought 38,995 shares of the conglomerate’s stock, valued at approximately $8,809,000.

Other large investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its stake in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Honeywell International by 1.2% in the third quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock worth $3,905,000 after acquiring an additional 232 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Honeywell International by 8.2% in the third quarter. J.W. Cole Advisors Inc. now owns 16,344 shares of the conglomerate’s stock worth $3,378,000 after acquiring an additional 1,244 shares during the last quarter. First Financial Bankshares Inc increased its stake in shares of Honeywell International by 0.5% in the third quarter. First Financial Bankshares Inc now owns 347,608 shares of the conglomerate’s stock worth $71,854,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its stake in shares of Honeywell International by 1.8% in the third quarter. Smithbridge Asset Management Inc. DE now owns 29,087 shares of the conglomerate’s stock worth $6,013,000 after acquiring an additional 518 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HON shares. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. UBS Group reissued a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock 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 firm has a 50-day simple moving average of $219.91 and a 200 day simple moving average of $215.56. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The stock has a market cap of $136.42 billion, a PE ratio of 24.10, a PEG ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 owns 41,580 shares of the company’s stock, 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 owned by corporate insiders.

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.