Honeywell International Inc. (NASDAQ:HON) Shares Purchased by L & S Advisors Inc

L & S Advisors Inc lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 1,191.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,086 shares of the conglomerate’s stock after acquiring an additional 20,376 shares during the period. L & S Advisors Inc’s holdings in Honeywell International were worth $4,989,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Allianz SE acquired a new stake in Honeywell International in the fourth quarter valued at approximately $1,105,000. Intrust Bank NA increased its stake in Honeywell International by 2.6% during the 4th quarter. Intrust Bank NA now owns 10,863 shares of the conglomerate’s stock worth $2,454,000 after buying an additional 276 shares during the period. Allstate Corp acquired a new position in Honeywell International in the 4th quarter worth $4,374,000. RiverFront Investment Group LLC purchased a new position in Honeywell International in the 4th quarter valued at about $217,000. Finally, Slagle Financial LLC grew its stake in shares of Honeywell International by 12.1% during the fourth quarter. Slagle Financial LLC now owns 19,443 shares of the conglomerate’s stock valued at $4,392,000 after acquiring an additional 2,099 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $210.34 on Friday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The firm has a market capitalization of $136.70 billion, a PE ratio of 24.15, 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 business’s fifty day moving average price is $213.21 and its two-hundred day moving average price is $216.98.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm 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. This represents a $4.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HON. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target 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. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Citigroup reduced their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $249.08.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

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.