TigerOak Management L.L.C. Takes $794,000 Position in Honeywell International Inc. (NASDAQ:HON)

TigerOak Management L.L.C. purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,517 shares of the conglomerate’s stock, valued at approximately $794,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Congress Asset Management Co. increased its holdings in Honeywell International by 12.7% during the 4th quarter. Congress Asset Management Co. now owns 67,092 shares of the conglomerate’s stock worth $15,156,000 after acquiring an additional 7,574 shares during the period. Roxbury Financial LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $284,000. Manchester Capital Management LLC increased its holdings in Honeywell International by 12.3% during the 4th quarter. Manchester Capital Management LLC now owns 6,914 shares of the conglomerate’s stock worth $1,562,000 after acquiring an additional 757 shares during the period. CapWealth Advisors LLC increased its holdings in Honeywell International by 3.3% during the 4th quarter. CapWealth Advisors LLC now owns 59,884 shares of the conglomerate’s stock worth $13,527,000 after acquiring an additional 1,898 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Honeywell International by 4.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,850 shares of the conglomerate’s stock worth $644,000 after acquiring an additional 120 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

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

Honeywell International Trading Down 1.2 %

NASDAQ HON opened at $202.75 on Friday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average of $222.30 and a 200-day moving average of $215.05. The firm has a market cap of $131.84 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its 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 return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s payout ratio is 51.89%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HON. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. Finally, Bank of America raised their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

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.