Honeywell International Inc. (NASDAQ:HON) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 46.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,701 shares of the conglomerate’s stock after purchasing an additional 2,755 shares during the period. Smartleaf Asset Management LLC’s holdings in Honeywell International were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Howard Capital Management Group LLC grew its holdings 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 worth $571,000 after acquiring an additional 174 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth $29,000. Oak Ridge Investments LLC acquired a new position in shares of Honeywell International during the third quarter worth $204,000. Principal Securities Inc. increased its holdings in Honeywell International by 14.1% in the third quarter. Principal Securities Inc. now owns 12,500 shares of the conglomerate’s stock valued at $2,584,000 after buying an additional 1,541 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in Honeywell International by 1.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 9,778 shares of the conglomerate’s stock valued at $2,021,000 after buying an additional 151 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Bank of America increased their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $212.89 on Friday. The firm has a market cap of $138.36 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The firm’s fifty day moving average price is $218.57 and its 200 day moving average price is $215.85.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is currently 51.89%.

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.