iA Global Asset Management Inc. Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

iA Global Asset Management Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,551 shares of the conglomerate’s stock after acquiring an additional 610 shares during the quarter. iA Global Asset Management Inc.’s holdings in Honeywell International were worth $16,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Valmark Advisers Inc. increased its holdings in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC increased its holdings in Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC increased its holdings in Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. grew its holdings in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after buying an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Trading Down 0.5 %

Shares of HON stock opened at $208.65 on Thursday. The stock has a market cap of $135.61 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm’s 50 day moving average price is $214.37 and its two-hundred day moving average price is $216.56.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada lowered their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $249.38.

Honeywell International 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.