SFE Investment Counsel Increases Stake in Honeywell International Inc. (NASDAQ:HON)

SFE Investment Counsel lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,897 shares of the conglomerate’s stock after buying an additional 491 shares during the period. SFE Investment Counsel’s holdings in Honeywell International were worth $3,963,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Honeywell International by 41.3% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 2,566 shares of the conglomerate’s stock valued at $522,000 after buying an additional 750 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Honeywell International by 3.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 161,826 shares of the conglomerate’s stock valued at $33,937,000 after purchasing an additional 6,003 shares in the last quarter. KLCM Advisors Inc. acquired a new position in Honeywell International during the fourth quarter worth $220,000. Rakuten Securities Inc. purchased a new stake in Honeywell International during the fourth quarter worth $31,000. Finally, Slow Capital Inc. grew its holdings in Honeywell International by 1.1% in the fourth quarter. Slow Capital Inc. now owns 34,891 shares of the conglomerate’s stock valued at $7,317,000 after purchasing an additional 370 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the subject of several research reports. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated 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. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $219.67.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction 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 transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Trading Up 0.3 %

Shares of Honeywell International stock traded up $0.63 during trading hours on Thursday, reaching $190.99. 1,180,896 shares of the company’s stock were exchanged, compared to its average volume of 2,993,313. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The company has a fifty day moving average of $198.41 and a 200-day moving average of $195.82. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $124.37 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.18 and a beta of 1.02.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. Honeywell International’s dividend payout ratio is presently 51.00%.

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.