Nan Fung Trinity HK Ltd. lifted its position in Honeywell International Inc. (NASDAQ:HON – Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,900 shares of the conglomerate’s stock after acquiring an additional 4,300 shares during the period. Nan Fung Trinity HK Ltd.’s holdings in Honeywell International were worth $16,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in HON. Brighton Jones LLC boosted its stake in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after buying an additional 2,629 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after buying an additional 1,223 shares during the last quarter. Nebula Research & Development LLC boosted its stake in Honeywell International by 3.1% during the second quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock worth $1,374,000 after buying an additional 176 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Honeywell International by 4.4% during the second quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate’s stock worth $1,045,000 after buying an additional 188 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
Honeywell International Price Performance
Shares of NASDAQ HON opened at $213.12 on Friday. The stock’s 50-day moving average is $228.68 and its two-hundred day moving average is $215.95. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10. Honeywell International Inc. has a 1-year low of $186.76 and a 1-year high of $248.18. The company has a market cap of $135.04 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 3.04 and a beta of 0.82.
Honeywell International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, May 15th. This represents a $4.76 annualized dividend and a yield of 2.2%. Honeywell International’s dividend payout ratio is 67.42%.
Insiders Place Their Bets
In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
HON has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their price objective on Honeywell International from $262.00 to $258.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research note on Friday, January 16th. Evercore boosted their price objective on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Barclays reduced their target price on Honeywell International from $255.00 to $243.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Finally, Robert W. Baird lifted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $250.00.
View Our Latest Analysis 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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