Rossby Financial LCC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Rossby Financial LCC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 959 shares of the conglomerate’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howard Capital Management Group LLC grew its stake in Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Honeywell International by 1.1% during the 3rd quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock valued at $61,643,000 after buying an additional 3,143 shares during the period. Westside Investment Management Inc. increased its stake in shares of Honeywell International by 15.4% in the third quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate’s stock worth $78,000 after acquiring an additional 50 shares during the last quarter. Tudor Financial Inc. acquired a new position in Honeywell International in the 3rd quarter worth about $425,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of Honeywell International by 46.4% during the 3rd quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $199,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. Barclays reduced their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $242.15.

Honeywell International Stock Up 0.9 %

Shares of HON stock opened at $200.25 on Tuesday. The stock has a market cap of $130.15 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. 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 stock has a fifty day moving average price of $206.83 and a 200 day moving average price of $216.43. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated 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 directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.