Honeywell International Inc. (NASDAQ:HON) Stock Holdings Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,793 shares of the conglomerate’s stock after purchasing an additional 568 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Honeywell International were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter valued at $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the 4th quarter worth $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 4th quarter worth $37,000. TFO Wealth Partners LLC grew its holdings in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in shares of Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after buying an additional 76 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $219.67.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $0.58 during trading hours on Tuesday, hitting $196.16. 2,556,272 shares of the company’s stock were exchanged, compared to its average volume of 3,000,230. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $127.74 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.23 and a beta of 1.02. The company’s 50-day moving average price is $198.35 and its 200-day moving average price is $196.26.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.52 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.20%. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Honeywell International Company Profile

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.