Parthenon LLC Has $262,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Parthenon LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,251 shares of the conglomerate’s stock after buying an additional 69 shares during the quarter. Parthenon LLC’s holdings in Honeywell International were worth $262,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after acquiring an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Honeywell International by 6,557.2% in the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after buying an additional 926,531 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Honeywell International by 853.0% in the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after buying an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after purchasing an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of several research analyst reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.71.

Honeywell International Stock Down 0.5 %

Honeywell International stock traded down $1.04 during mid-day trading on Tuesday, reaching $192.73. The stock had a trading volume of 3,127,683 shares, compared to its average volume of 3,012,040. The company has a market capitalization of $125.50 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.21 and a beta of 1.02. The company has a 50-day moving average price of $197.99 and a two-hundred day moving average price of $196.54. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 EPS. On average, analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Transactions at Honeywell International

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

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.