Honeywell International Inc. (NASDAQ:HON) Stock Position Increased by Parallel Advisors LLC

Parallel Advisors LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,537 shares of the conglomerate’s stock after buying an additional 634 shares during the period. Parallel Advisors LLC’s holdings in Honeywell International were worth $10,964,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cibc World Markets Corp grew its stake in Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares in the last quarter. Gold Investment Management Ltd. lifted its position in shares of Honeywell International by 7.6% during the 4th quarter. Gold Investment Management Ltd. now owns 4,330 shares of the conglomerate’s stock worth $978,000 after purchasing an additional 304 shares during the last quarter. Glenview Trust co lifted its position in shares of Honeywell International by 12.6% during the 4th quarter. Glenview Trust co now owns 129,781 shares of the conglomerate’s stock worth $29,316,000 after purchasing an additional 14,522 shares during the last quarter. Corient Private Wealth LLC increased its stake in Honeywell International by 0.3% during the fourth quarter. Corient Private Wealth LLC now owns 940,708 shares of the conglomerate’s stock valued at $212,196,000 after acquiring an additional 3,019 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Honeywell International by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 71,235 shares of the conglomerate’s stock valued at $16,091,000 after acquiring an additional 855 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HON. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $249.38.

Honeywell International Price Performance

HON opened at $209.47 on Monday. The firm has a market cap of $136.14 billion, a P/E ratio of 24.05, a PEG ratio of 2.51 and a beta of 1.08. The firm has a 50-day moving average of $215.05 and a 200 day moving average of $216.58. 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 Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last released 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 net margin of 14.82% and a return on equity of 35.78%. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio 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.