Versor Investments LP boosted its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 115.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,471 shares of the conglomerate’s stock after purchasing an additional 2,393 shares during the quarter. Versor Investments LP’s holdings in Honeywell International were worth $872,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HON. Money Concepts Capital Corp grew its position in shares of Honeywell International by 8.7% in the 4th quarter. Money Concepts Capital Corp now owns 19,163 shares of the conglomerate’s stock valued at $3,739,000 after acquiring an additional 1,541 shares during the period. Trek Financial LLC raised its holdings in shares of Honeywell International by 29.8% in the 4th quarter. Trek Financial LLC now owns 7,697 shares of the conglomerate’s stock valued at $1,502,000 after purchasing an additional 1,765 shares during the period. AG2R LA Mondiale Gestion D Actifs lifted its stake in Honeywell International by 5.2% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 25,592 shares of the conglomerate’s stock valued at $4,993,000 after purchasing an additional 1,274 shares during the last quarter. Fortem Financial Group LLC acquired a new stake in Honeywell International in the 4th quarter valued at about $512,000. Finally, Centric Wealth Management grew its holdings in Honeywell International by 1.3% during the fourth quarter. Centric Wealth Management now owns 4,643 shares of the conglomerate’s stock worth $906,000 after purchasing an additional 60 shares during the period. Institutional investors own 75.91% of the company’s stock.
Honeywell International Price Performance
Shares of Honeywell International stock opened at $218.54 on Wednesday. Honeywell International Inc. has a twelve month low of $186.76 and a twelve month high of $248.18. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The company has a 50-day simple moving average of $227.16 and a two-hundred day simple moving average of $216.15. The stock has a market capitalization of $138.48 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82.
Honeywell International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, May 15th. Honeywell International’s dividend payout ratio is currently 67.42%.
Insider Transactions at Honeywell International
In related news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Honeywell International from $235.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Citigroup reduced their price target on Honeywell International from $265.00 to $257.00 and set a “buy” rating for the company in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Sanford C. Bernstein set a $255.00 price target on Honeywell International in a report on Friday, January 16th. Finally, Morgan Stanley lifted their price target on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.
Read Our Latest Research Report on Honeywell International
About Honeywell International
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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