HUB Investment Partners LLC Buys 2,827 Shares of Honeywell International Inc. (NASDAQ:HON)

HUB Investment Partners LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,636 shares of the conglomerate’s stock after buying an additional 2,827 shares during the period. HUB Investment Partners LLC’s holdings in Honeywell International were worth $7,824,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its stake in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the period. United Bank increased its stake in Honeywell International by 2.8% during the third 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 period. GSA Capital Partners LLP bought a new position in Honeywell International during the third quarter valued at about $414,000. BIP Wealth LLC acquired a new stake in Honeywell International during the third quarter valued at approximately $235,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Honeywell International during the third quarter valued at approximately $412,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on HON shares. Royal Bank of Canada reduced their price objective 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. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price objective 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. Jefferies Financial Group upped their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Finally, Barclays reduced their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $249.38.

Honeywell International Stock Down 0.5 %

Honeywell International stock opened at $208.65 on Thursday. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The firm has a 50 day moving average price of $214.37 and a 200-day moving average price of $216.56. The company has a market capitalization of $135.61 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the business’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 transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

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.