Zions Bancorporation N.A. Purchases 50 Shares of Honeywell International Inc. (NASDAQ:HON)

Zions Bancorporation N.A. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.4% in the fourth quarter, HoldingsChannel reports. The fund owned 726 shares of the conglomerate’s stock after buying an additional 50 shares during the period. Zions Bancorporation N.A.’s holdings in Honeywell International were worth $164,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HON. Howard Capital Management Group LLC raised its stake in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after buying an additional 174 shares during the last quarter. United Bank raised its position in shares of Honeywell International by 2.8% during the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock valued at $1,692,000 after acquiring an additional 220 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Honeywell International by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 167,350 shares of the conglomerate’s stock valued at $34,593,000 after purchasing an additional 3,632 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Honeywell International by 37.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 770,228 shares of the conglomerate’s stock worth $159,214,000 after purchasing an additional 208,646 shares during the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of Honeywell International by 12.5% during the third quarter. Townsquare Capital LLC now owns 23,250 shares of the conglomerate’s stock worth $4,806,000 after purchasing an additional 2,589 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.5 %

HON stock opened at $213.12 on Thursday. 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 stock has a market capitalization of $138.51 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The business has a 50-day moving average of $213.62 and a 200-day moving average of $216.83.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Barclays lowered their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $249.08.

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.