Clearbridge Investments LLC Has $348.09 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Clearbridge Investments LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,540,988 shares of the conglomerate’s stock after buying an additional 48,816 shares during the period. Clearbridge Investments LLC’s holdings in Honeywell International were worth $348,094,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA increased its position in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after purchasing an additional 2,611 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in Honeywell International during the 4th quarter worth $361,000. Costello Asset Management INC acquired a new position in Honeywell International in the fourth quarter valued at about $3,092,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $435,786,000. Finally, Dynasty Wealth Management LLC grew its holdings in Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after purchasing an additional 3,879 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other 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 value of $6,004,902.65. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

HON opened at $210.34 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The business’s 50-day simple moving average is $213.21 and its 200 day simple moving average is $216.98. The firm has a market capitalization of $136.70 billion, a PE ratio of 24.15, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last released 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%. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on HON. Morgan Stanley increased 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. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada decreased their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $249.08.

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.