Tocqueville Asset Management L.P. Acquires 26,040 Shares of Honeywell International Inc. (NASDAQ:HON)

Tocqueville Asset Management L.P. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 14.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 207,309 shares of the conglomerate’s stock after buying an additional 26,040 shares during the period. Tocqueville Asset Management L.P.’s holdings in Honeywell International were worth $46,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Raymond James Financial Inc. bought a new position in Honeywell International during the fourth quarter worth about $435,786,000. ING Groep NV boosted its position in shares of 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 during the period. Wellington Management Group LLP boosted its position in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after acquiring an additional 1,376,479 shares during the period. Cibc World Markets Corp boosted its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after acquiring an additional 1,018,099 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Honeywell International by 320.5% in the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after acquiring an additional 654,207 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut 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 report on Friday, February 7th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Morgan Stanley lifted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $249.38.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction 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 sale, the vice president now owns 41,580 shares in the company, valued at $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 SEC, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Up 1.3 %

Shares of NASDAQ HON opened at $209.47 on Monday. 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 52 week low of $189.75 and a 52 week high of $242.77. The firm’s fifty day moving average is $215.05 and its 200 day moving average is $216.58. The company has a market cap of $136.14 billion, a price-to-earnings ratio of 24.05, 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 EPS for the quarter, topping 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, equities research 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

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.