Pinnacle Financial Partners Inc Purchases 264 Shares of Honeywell International Inc. (NASDAQ:HON)

Pinnacle Financial Partners Inc boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,368 shares of the conglomerate’s stock after purchasing an additional 264 shares during the period. Pinnacle Financial Partners Inc’s holdings in Honeywell International were worth $29,659,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Callan Capital LLC grew its holdings in shares of Honeywell International by 13.2% in the 4th quarter. Callan Capital LLC now owns 2,746 shares of the conglomerate’s stock valued at $620,000 after acquiring an additional 320 shares in the last quarter. Oxbow Advisors LLC grew its holdings in shares of Honeywell International by 6.4% in the 4th quarter. Oxbow Advisors LLC now owns 1,916 shares of the conglomerate’s stock valued at $433,000 after acquiring an additional 115 shares in the last quarter. Navellier & Associates Inc. grew its holdings in shares of Honeywell International by 21.5% in the 4th quarter. Navellier & Associates Inc. now owns 3,505 shares of the conglomerate’s stock valued at $792,000 after acquiring an additional 620 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Honeywell International by 8.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 29,411 shares of the conglomerate’s stock valued at $6,644,000 after acquiring an additional 2,304 shares in the last quarter. Finally, Greystone Financial Group LLC grew its holdings in shares of Honeywell International by 3.7% in the 4th quarter. Greystone Financial Group LLC now owns 47,797 shares of the conglomerate’s stock valued at $10,797,000 after acquiring an additional 1,694 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HON shares. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. reduced 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. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Citigroup cut 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 report on Monday, January 13th. Finally, UBS Group restated a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Price Performance

HON stock opened at $211.94 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 company’s fifty day simple moving average is $220.43 and its 200 day simple moving average is $215.25. The firm has a market cap of $137.74 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.50 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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 expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.