Hartford Investment Management Co. Has $9.31 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Hartford Investment Management Co. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,414 shares of the conglomerate’s stock after selling 1,132 shares during the quarter. Hartford Investment Management Co.’s holdings in Honeywell International were worth $9,314,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Cordant Inc. bought a new stake in Honeywell International in the fourth quarter worth $31,000. True Wealth Design LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. TFO Wealth Partners LLC increased its holdings in shares of Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in Honeywell International in the 4th quarter worth approximately $46,000. Finally, Raleigh Capital Management Inc. boosted its position in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 76 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HON. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Wells Fargo & Company upped their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $221.11.

Read Our Latest Research Report on Honeywell International

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $1.34 on Wednesday, hitting $198.89. 921,593 shares of the company were exchanged, compared to its average volume of 3,029,103. The company’s 50 day moving average price is $199.18 and its two-hundred day moving average price is $195.47. The firm has a market capitalization of $129.71 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.27 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.52 EPS. Research analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is currently 51.00%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by insiders.

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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