Farringdon Capital Ltd. Buys New Holdings in Honeywell International Inc. (NASDAQ:HON)

Farringdon Capital Ltd. purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,712 shares of the conglomerate’s stock, valued at approximately $613,000.

A number of other hedge funds also recently made changes to their positions in the business. Mainstream Capital Management LLC acquired a new position in Honeywell International in the fourth quarter worth about $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $30,000. Curio Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $35,000. Finally, Hopwood Financial Services Inc. acquired a new stake in Honeywell International in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of 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 note on Friday, February 7th. Barclays cut their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. decreased their price target on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Ten 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $242.15.

Honeywell International Trading Down 2.8 %

Shares of HON opened at $193.28 on Thursday. The stock’s fifty day simple moving average is $206.36 and its 200-day simple moving average is $216.15. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $124.33 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

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

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

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.