German American Bancorp Inc. Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

German American Bancorp Inc. increased its position in Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,498 shares of the conglomerate’s stock after acquiring an additional 510 shares during the period. German American Bancorp Inc.’s holdings in Honeywell International were worth $7,115,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HON. Cooper Haims Advisors LLC raised its holdings in Honeywell International by 9.9% in the 4th quarter. Cooper Haims Advisors LLC now owns 1,274 shares of the conglomerate’s stock worth $288,000 after purchasing an additional 115 shares during the period. Bank of Nova Scotia lifted its position in shares of Honeywell International by 9.6% during the 4th quarter. Bank of Nova Scotia now owns 797,180 shares of the conglomerate’s stock valued at $180,084,000 after buying an additional 69,578 shares in the last quarter. FIL Ltd increased its holdings in Honeywell International by 26.5% in the 4th quarter. FIL Ltd now owns 298,166 shares of the conglomerate’s stock worth $67,353,000 after acquiring an additional 62,495 shares in the last quarter. Canopy Partners LLC increased its stake in shares of Honeywell International by 19.2% in the fourth quarter. Canopy Partners LLC now owns 3,162 shares of the conglomerate’s stock worth $714,000 after purchasing an additional 509 shares in the last quarter. Finally, Rathbones Group PLC boosted its holdings in Honeywell International by 9.0% in the 4th quarter. Rathbones Group PLC now owns 562,473 shares of the conglomerate’s stock worth $127,057,000 after buying an additional 46,247 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s 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 completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. lowered their price target on 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 increased their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley raised their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $249.08.

Honeywell International Trading Down 1.8 %

HON stock opened at $187.46 on Tuesday. Honeywell International Inc. has a twelve month low of $183.39 and a twelve month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm’s fifty day simple moving average is $210.86 and its two-hundred day simple moving average is $217.10. The stock has a market capitalization of $121.83 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

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.