O Shaughnessy Asset Management LLC Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

O Shaughnessy Asset Management LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,547 shares of the conglomerate’s stock after buying an additional 2,636 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Honeywell International were worth $26,779,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HON. Prevail Innovative Wealth Advisors LLC purchased a new stake in Honeywell International in the 4th quarter worth $228,000. Clearbridge Investments LLC boosted its stake in shares of Honeywell International by 3.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,540,988 shares of the conglomerate’s stock worth $348,094,000 after acquiring an additional 48,816 shares during the period. United Bank grew its position in shares of Honeywell International by 10.0% during the fourth quarter. United Bank now owns 9,004 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 821 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Honeywell International by 2.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 340,904 shares of the conglomerate’s stock valued at $77,007,000 after purchasing an additional 7,252 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $160,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

HON opened at $210.34 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. The business has a fifty day moving average of $213.21 and a 200 day moving average of $216.98. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The stock has a market cap of $136.70 billion, a P/E ratio of 24.15, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HON. Barclays cut their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Citigroup dropped their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their target price on shares of 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. Finally, Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Ten investment 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. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $249.08.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction 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 directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

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.