Heritage Investors Management Corp lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,077 shares of the conglomerate’s stock after purchasing an additional 4,524 shares during the quarter. Heritage Investors Management Corp’s holdings in Honeywell International were worth $13,086,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. FSM Wealth Advisors LLC raised its holdings in Honeywell International by 1.1% in the fourth quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after acquiring an additional 46 shares in the last quarter. Meridian Financial Partners LLC raised its holdings in Honeywell International by 3.8% in the fourth quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 46 shares in the last quarter. Facet Wealth Inc. raised its holdings in Honeywell International by 3.6% in the fourth quarter. Facet Wealth Inc. now owns 1,343 shares of the conglomerate’s stock valued at $291,000 after acquiring an additional 47 shares in the last quarter. EPG Wealth Management LLC raised its holdings in Honeywell International by 0.5% in the fourth quarter. EPG Wealth Management LLC now owns 10,049 shares of the conglomerate’s stock valued at $1,960,000 after acquiring an additional 49 shares in the last quarter. Finally, Willow Creek Wealth Management Inc. raised its holdings in Honeywell International by 2.2% in the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Stock Up 2.9%
HON stock opened at $223.80 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. Honeywell International Inc. has a twelve month low of $186.76 and a twelve month high of $248.18. The company’s 50 day moving average is $223.86 and its two-hundred day moving average is $216.46. The stock has a market cap of $141.81 billion, a P/E ratio of 31.70, a PEG ratio of 3.11 and a beta of 0.82.
Honeywell International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, May 15th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is 67.42%.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Honeywell International from $255.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. The Goldman Sachs Group reduced their target price on shares of Honeywell International from $262.00 to $258.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Argus raised their target price on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $268.00 target price on shares of Honeywell International in a report on Monday, April 27th. Finally, Evercore raised their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.83.
Read Our Latest Research Report on Honeywell International
Honeywell International Profile
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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