19,364 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Allstate Corp

Allstate Corp purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,364 shares of the conglomerate’s stock, valued at approximately $4,374,000.

Other large investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA grew its position in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in shares of Honeywell International in the fourth quarter worth approximately $361,000. Costello Asset Management INC purchased a new position in shares of Honeywell International in the fourth quarter worth $3,092,000. Raymond James Financial Inc. purchased a new stake in Honeywell International during the 4th quarter valued at $435,786,000. Finally, Dynasty Wealth Management LLC grew its holdings in Honeywell International by 52.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after acquiring an additional 3,879 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $249.08.

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 shares were 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 approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Down 1.8 %

Shares of Honeywell International stock opened at $210.34 on Friday. The company has a 50-day simple moving average of $213.21 and a two-hundred day simple moving average of $216.87. The stock has a market capitalization of $136.70 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 net margin of 14.82% and a return on equity of 35.78%. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is presently 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.