Treasurer of the State of North Carolina Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Treasurer of the State of North Carolina lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,708 shares of the conglomerate’s stock after buying an additional 1,800 shares during the period. Treasurer of the State of North Carolina’s holdings in Honeywell International were worth $64,764,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

HON opened at $199.10 on Thursday. The stock has a market cap of $129.40 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business’s 50 day moving average is $208.35 and its 200-day moving average is $216.56. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HON shares. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Citigroup lowered their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research note on Tuesday. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reduced 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. Ten research 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. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $245.00.

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.