Honeywell International Inc. (NASDAQ:HON) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 354,758 shares of the conglomerate’s stock after acquiring an additional 20,249 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of Honeywell International worth $80,138,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at approximately $25,000. Avalon Trust Co boosted its stake in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new position in Honeywell International during the 4th quarter worth $30,000. Financial Avengers Inc. increased its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HON. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their price objective 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. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $249.08.

Honeywell International Stock Down 7.6 %

Shares of Honeywell International stock opened at $190.99 on Friday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a market capitalization of $124.13 billion, a P/E ratio of 21.93, a PEG ratio of 2.51 and a beta of 1.01. The business’s fifty day moving average price is $211.63 and its two-hundred day moving average price is $217.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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.