World Investment Advisors Raises Position in Honeywell International Inc. (NASDAQ:HON)

World Investment Advisors increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 137.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,387 shares of the conglomerate’s stock after purchasing an additional 12,969 shares during the period. World Investment Advisors’ holdings in Honeywell International were worth $5,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Valmark Advisers Inc. lifted its holdings in shares of Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after acquiring an additional 45 shares during the period. ZWJ Investment Counsel Inc. grew its holdings in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 47 shares during the period. Saxony Capital Management LLC increased its position in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 47 shares during the last quarter. Magnus Financial Group LLC raised its stake in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after purchasing an additional 48 shares during the period. Finally, Bill Few Associates Inc. boosted its holdings in shares of Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after purchasing an additional 49 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on HON. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays reduced their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Citigroup dropped their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $249.08.

Honeywell International Stock Performance

Shares of HON stock opened at $206.68 on Friday. 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 company’s fifty day moving average price is $212.24 and its two-hundred day moving average price is $217.11. The firm has a market capitalization of $134.33 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate 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, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. 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 2.19%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated 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 directly owns 41,580 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 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.