First Manhattan CO. LLC. Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

First Manhattan CO. LLC. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,386,365 shares of the conglomerate’s stock after acquiring an additional 7,961 shares during the period. Honeywell International accounts for approximately 0.9% of First Manhattan CO. LLC.’s holdings, making the stock its 20th biggest holding. First Manhattan CO. LLC.’s holdings in Honeywell International were worth $316,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after buying an additional 28,812 shares during the last quarter. ST Germain D J Co. Inc. increased its position in shares of Honeywell International by 11.3% in the 4th quarter. ST Germain D J Co. Inc. now owns 10,323 shares of the conglomerate’s stock valued at $2,332,000 after acquiring an additional 1,048 shares during the period. Harbor Capital Advisors Inc. raised its stake in Honeywell International by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,342 shares of the conglomerate’s stock worth $3,466,000 after acquiring an additional 376 shares during the last quarter. Sage Capital Advisors llc lifted its position in Honeywell International by 0.5% during the 4th quarter. Sage Capital Advisors llc now owns 18,570 shares of the conglomerate’s stock worth $4,195,000 after acquiring an additional 85 shares during the period. Finally, Atlas Brown Inc. grew its stake in Honeywell International by 8.3% during the 4th quarter. Atlas Brown Inc. now owns 1,645 shares of the conglomerate’s stock valued at $372,000 after purchasing an additional 126 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday. Barclays decreased their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $242.23.

Honeywell International Price Performance

Honeywell International stock opened at $214.50 on Friday. 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’s fifty day moving average price is $205.16 and its 200 day moving average price is $215.40. The stock has a market capitalization of $137.85 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’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 transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

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.