Colonial River Investments LLC Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Colonial River Investments LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,598 shares of the conglomerate’s stock after buying an additional 82 shares during the quarter. Colonial River Investments LLC’s holdings in Honeywell International were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA boosted its stake in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares during the period. Costello Asset Management INC purchased a new position in Honeywell International during the fourth quarter worth $3,092,000. RIA Advisory Group LLC purchased a new position in Honeywell International during the third quarter worth $6,124,000. Copley Financial Group Inc. bought a new stake in shares of Honeywell International during the third quarter worth $454,000. Finally, Sargent Investment Group LLC lifted its position in shares of Honeywell International by 268.6% during the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after purchasing an additional 4,082 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. UBS Group reiterated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their target price on 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. Finally, Citigroup decreased their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $211.94 on Monday. The company has a market capitalization of $137.74 billion, a PE ratio of 24.33, a P/E/G ratio of 2.51 and a beta of 1.05. 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 company has a 50-day simple moving average of $220.43 and a two-hundred day simple moving average of $215.49. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

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

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s dividend payout ratio is presently 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.