Polar Asset Management Partners Inc. Invests $49.02 Million in Honeywell International Inc. (NASDAQ:HON)

Polar Asset Management Partners Inc. purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 217,000 shares of the conglomerate’s stock, valued at approximately $49,018,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pallas Capital Advisors LLC raised its position in shares of Honeywell International by 4.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,878 shares of the conglomerate’s stock valued at $424,000 after purchasing an additional 87 shares in the last quarter. BCS Wealth Management acquired a new stake in Honeywell International in the fourth quarter valued at $269,000. FNY Investment Advisers LLC bought a new position in Honeywell International during the 4th quarter valued at $45,000. Fiduciary Financial Group LLC grew its holdings in Honeywell International by 5.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 1,251 shares of the conglomerate’s stock worth $273,000 after acquiring an additional 61 shares in the last quarter. Finally, Safeguard Financial LLC increased its position in shares of Honeywell International by 2.7% in the 4th quarter. Safeguard Financial LLC now owns 2,931 shares of the conglomerate’s stock worth $662,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $217.18 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $205.65 and its two-hundred day moving average is $215.45. The firm has a market capitalization of $139.58 billion, a P/E ratio of 24.93, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the prior year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Analysts Set New Price Targets

A number of equities analysts recently commented on HON shares. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, May 7th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Barclays reduced their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company raised their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $242.23.

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.