Savant Capital LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 37.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,301 shares of the conglomerate’s stock after selling 14,366 shares during the quarter. Savant Capital LLC’s holdings in Honeywell International were worth $4,741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HON. Holos Integrated Wealth LLC acquired a new stake in Honeywell International during the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in Honeywell International during the fourth quarter worth $26,000. Strategic Wealth Advisors LLC bought a new position in Honeywell International during the fourth quarter worth $29,000. JPL Wealth Management LLC bought a new position in Honeywell International during the third quarter worth $31,000. Finally, Strive Asset Management LLC bought a new position in Honeywell International during the third quarter worth $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Stock Performance
Shares of HON stock opened at $237.86 on Friday. The company has a market cap of $150.72 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.40 and a beta of 0.82. Honeywell International Inc. has a 52 week low of $186.76 and a 52 week high of $248.18. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average of $223.60 and a 200-day moving average of $217.81.
Honeywell International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is currently 67.42%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Honeywell International from $265.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Morgan Stanley lifted their target price on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 12th. BNP Paribas Exane lifted their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Argus raised their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $268.00 price objective on shares of Honeywell International in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $247.29.
Read Our Latest Analysis on HON
Honeywell International Company Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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