Easterly Investment Partners LLC Buys Shares of 37,552 Honeywell International Inc. (NASDAQ:HON)

Easterly Investment Partners LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,552 shares of the conglomerate’s stock, valued at approximately $8,483,000.

A number of other hedge funds have also made changes to their positions in HON. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International during the third quarter worth $25,000. Mainstream Capital Management LLC acquired a new position in Honeywell International during the 4th quarter worth $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter valued at $30,000. Finally, Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HON. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Citigroup cut their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $249.08.

Honeywell International Stock Performance

NASDAQ:HON opened at $213.12 on Thursday. The business’s fifty day moving average is $213.62 and its 200 day moving average is $216.83. The firm has a market cap of $138.51 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.51 and a beta of 1.08. 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 52-week low of $189.75 and a 52-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 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%. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced 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. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the firm’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. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

About Honeywell International

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.