National Pension Service Buys 64,869 Shares of Honeywell International Inc. (NASDAQ:HON)

National Pension Service boosted its position in Honeywell International Inc. (NASDAQ:HON) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,252,816 shares of the conglomerate’s stock after acquiring an additional 64,869 shares during the period. National Pension Service’s holdings in Honeywell International were worth $282,999,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisor OS LLC boosted its position in shares of Honeywell International by 17.6% in the 4th quarter. Advisor OS LLC now owns 1,328 shares of the conglomerate’s stock worth $300,000 after purchasing an additional 199 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in Honeywell International by 8.1% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 2,152 shares of the conglomerate’s stock worth $486,000 after acquiring an additional 162 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Honeywell International by 7.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 7,430 shares of the conglomerate’s stock worth $1,678,000 after acquiring an additional 499 shares during the last quarter. Kirtland Hills Capital Management LLC increased its holdings in shares of Honeywell International by 1.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,376 shares of the conglomerate’s stock valued at $988,000 after acquiring an additional 54 shares in the last quarter. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $83,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $212.00 on Wednesday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm has a market capitalization of $137.78 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The stock’s fifty day moving average is $219.48 and its two-hundred day moving average is $215.66. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. UBS Group reiterated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.