Honeywell International Inc. (NASDAQ:HON) Shares Bought by Rathbones Group PLC

Rathbones Group PLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 562,473 shares of the conglomerate’s stock after acquiring an additional 46,247 shares during the quarter. Rathbones Group PLC’s holdings in Honeywell International were worth $127,057,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HON. U S Wealth Group LLC. acquired a new stake in shares of Honeywell International in the 4th quarter worth $2,335,000. Invesco Ltd. grew its stake in Honeywell International by 5.2% during the fourth quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate’s stock worth $1,193,923,000 after buying an additional 263,188 shares during the period. FMR LLC lifted its position in Honeywell International by 13.5% during the 4th quarter. FMR LLC now owns 1,614,055 shares of the conglomerate’s stock worth $364,599,000 after acquiring an additional 192,289 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in shares of Honeywell International during the fourth quarter worth about $316,000. Finally, Federated Hermes Inc. lifted its position in shares of Honeywell International by 4.4% during the fourth quarter. Federated Hermes Inc. now owns 6,028 shares of the conglomerate’s stock worth $1,362,000 after purchasing an additional 253 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’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 transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $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 available at this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HON. Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research 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. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $249.08.

Honeywell International Price Performance

Shares of HON stock opened at $190.99 on Monday. Honeywell International Inc. has a 1-year low of $187.54 and a 1-year high of $242.77. The stock’s 50-day moving average is $211.63 and its 200 day moving average is $217.21. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market cap of $124.13 billion, a P/E ratio of 21.93, a PEG ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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%. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.37%. 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.