Edgestream Partners L.P. Has $765,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Edgestream Partners L.P. grew its stake in Honeywell International Inc. (NASDAQ:HON) by 27.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,386 shares of the conglomerate’s stock after purchasing an additional 721 shares during the period. Edgestream Partners L.P.’s holdings in Honeywell International were worth $765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Baldwin Wealth Partners LLC MA grew its position in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $3,092,000. Raymond James Financial Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at $435,786,000. RIA Advisory Group LLC acquired a new position in shares of Honeywell International in the third quarter valued at $6,124,000. Finally, Dynasty Wealth Management LLC boosted its stake in Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after buying an additional 3,879 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Jefferies Financial Group increased their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Citigroup decreased their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $249.38.

Honeywell International Trading Down 2.4 %

Shares of HON opened at $208.59 on Wednesday. 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 firm has a market capitalization of $135.57 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock’s fifty day simple moving average is $216.15 and its 200-day simple moving average is $216.53.

Honeywell International (NASDAQ:HON) last posted 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 return on equity of 35.78% and a net margin of 14.82%. As a group, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.