Oppenheimer Asset Management Inc. raised its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 44.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 51,802 shares of the conglomerate’s stock after acquiring an additional 15,910 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Honeywell International were worth $10,106,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Sigma Planning Corp lifted its stake in Honeywell International by 18.6% in the fourth quarter. Sigma Planning Corp now owns 31,756 shares of the conglomerate’s stock valued at $6,200,000 after acquiring an additional 4,978 shares during the last quarter. Belleair Asset Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $473,000. North Star Investment Management Corp. lifted its stake in shares of Honeywell International by 6.3% in the fourth quarter. North Star Investment Management Corp. now owns 10,726 shares of the conglomerate’s stock worth $2,093,000 after buying an additional 640 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Honeywell International by 91.7% in the fourth quarter. Activest Wealth Management now owns 255 shares of the conglomerate’s stock worth $50,000 after buying an additional 122 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Honeywell International by 0.7% in the fourth quarter. Laurel Wealth Advisors LLC now owns 16,020 shares of the conglomerate’s stock worth $3,125,000 after buying an additional 105 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Trading Down 0.9%
Shares of HON stock opened at $212.50 on Friday. The firm has a fifty day moving average of $230.45 and a 200-day moving average of $215.57. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.10 and a current ratio of 1.39. Honeywell International Inc. has a 52-week low of $186.76 and a 52-week high of $248.18. The stock has a market cap of $134.65 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 3.06 and a beta of 0.82.
Honeywell International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is currently 67.42%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $268.00 price objective on shares of Honeywell International in a research note on Monday, April 27th. Barclays reduced their price objective on shares of Honeywell International from $255.00 to $243.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research note on Friday, January 16th. Rothschild & Co Redburn boosted their price objective on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley boosted their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.
Check Out Our Latest Stock Analysis on HON
Insider Buying and Selling
In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.15% of the company’s stock.
Honeywell International Company 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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