SageView Advisory Group LLC Acquires 1,975 Shares of Honeywell International Inc. (NASDAQ:HON)

SageView Advisory Group LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 47.4% during the fourth quarter, HoldingsChannel reports. The firm owned 6,139 shares of the conglomerate’s stock after buying an additional 1,975 shares during the period. SageView Advisory Group LLC’s holdings in Honeywell International were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Savvy Advisors Inc. lifted its holdings in Honeywell International by 318.8% in the fourth quarter. Savvy Advisors Inc. now owns 6,756 shares of the conglomerate’s stock valued at $1,526,000 after acquiring an additional 5,143 shares during the period. Summit Investment Advisors Inc. boosted its holdings in shares of Honeywell International by 1.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 40,862 shares of the conglomerate’s stock worth $9,230,000 after buying an additional 617 shares during the last quarter. Granite Investment Partners LLC grew its position in Honeywell International by 2.3% during the fourth quarter. Granite Investment Partners LLC now owns 4,851 shares of the conglomerate’s stock valued at $1,096,000 after buying an additional 110 shares during the period. Advisors Capital Management LLC raised its position in Honeywell International by 2.7% in the fourth quarter. Advisors Capital Management LLC now owns 292,891 shares of the conglomerate’s stock worth $66,161,000 after acquiring an additional 7,800 shares during the period. Finally, Seeds Investor LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $205,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction 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 sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade 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. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Barclays decreased 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. Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $245.00.

Honeywell International Price Performance

HON stock opened at $198.55 on Monday. The company has a fifty day simple moving average of $207.27 and a two-hundred day simple moving average of $216.49. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. 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 $129.04 billion, a P/E ratio of 22.80, a price-to-earnings-growth 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 earnings per share for the quarter, topping 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%. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Honeywell International Company 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.