Harvest Fund Management Co. Ltd Purchases 14,235 Shares of Honeywell International Inc. (NASDAQ:HON)

Harvest Fund Management Co. Ltd increased its position in Honeywell International Inc. (NASDAQ:HON) by 47.6% during the fourth quarter, Holdings Channel reports. The firm owned 44,161 shares of the conglomerate’s stock after buying an additional 14,235 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Honeywell International were worth $9,936,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. WIM INVESTMENT MANAGEMENT Ltd bought a new position in Honeywell International in the 4th quarter valued at about $4,631,000. Bestgate Wealth Advisors LLC bought a new position in Honeywell International in the 4th quarter valued at about $311,000. Bank of Marin raised its holdings in Honeywell International by 7.5% in the 4th quarter. Bank of Marin now owns 3,572 shares of the conglomerate’s stock valued at $807,000 after acquiring an additional 250 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Honeywell International in the 4th quarter valued at about $28,323,000. Finally, Enhancing Capital LLC bought a new position in Honeywell International in the 4th quarter valued at about $1,220,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.3 %

Shares of HON opened at $209.74 on Wednesday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a market cap of $136.31 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $214.60 and a two-hundred day simple moving average of $216.61.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS 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%. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. Honeywell International’s payout ratio is presently 51.89%.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the business’s 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 of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HON. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company lowered 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 report on Friday, February 7th. Ten 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $249.38.

Honeywell International 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.