Anchor Capital Advisors LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Anchor Capital Advisors LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,557 shares of the conglomerate’s stock, valued at approximately $7,806,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ING Groep NV raised its holdings in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after acquiring an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Cibc World Market Inc. grew its stake in Honeywell International by 320.5% in the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock worth $193,890,000 after purchasing an additional 654,207 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after buying an additional 631,761 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Honeywell International by 31,710.2% during the fourth quarter. Proficio Capital Partners LLC now owns 595,168 shares of the conglomerate’s stock valued at $134,442,000 after buying an additional 593,297 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $212.27 on Friday. 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 12 month low of $189.75 and a 12 month high of $242.77. The business has a fifty day simple moving average of $218.88 and a 200-day simple moving average of $215.61. The stock has a market cap of $137.96 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05.

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

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HON shares. Jefferies Financial Group lifted their price objective 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. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

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.