Harbert Fund Advisors Inc. Acquires Shares of 7,000 Honeywell International Inc. (NASDAQ:HON)

Harbert Fund Advisors Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, Holdings Channel.com reports. The fund bought 7,000 shares of the conglomerate’s stock, valued at approximately $1,581,000.

A number of other institutional investors have also modified their holdings of HON. Raymond James Financial Inc. acquired a new position in Honeywell International in the fourth quarter worth about $435,786,000. ING Groep NV lifted its holdings in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp grew its position in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Boston Partners increased its holdings in shares of Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock valued at $675,986,000 after acquiring an additional 677,213 shares during the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after acquiring an additional 654,207 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were 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 owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Barclays decreased their price target on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Royal Bank of Canada decreased their target price 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, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $245.00.

Honeywell International Trading Down 2.9 %

NASDAQ:HON opened at $193.39 on Friday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The business has a fifty day moving average of $207.77 and a 200-day moving average of $216.48. 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 $125.69 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

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.