Cannell & Co. Acquires 8,249 Shares of Honeywell International Inc. (NASDAQ:HON)

Cannell & Co. raised its stake in Honeywell International Inc. (NASDAQ:HON) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,733 shares of the conglomerate’s stock after acquiring an additional 8,249 shares during the quarter. Cannell & Co.’s holdings in Honeywell International were worth $18,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accurate Wealth Management LLC raised its position in shares of Honeywell International by 4.0% during the third quarter. Accurate Wealth Management LLC now owns 3,422 shares of the conglomerate’s stock worth $638,000 after acquiring an additional 131 shares during the last quarter. Vicus Capital boosted its stake in shares of Honeywell International by 10.3% in the 3rd quarter. Vicus Capital now owns 1,980 shares of the conglomerate’s stock valued at $366,000 after purchasing an additional 185 shares during the last quarter. First Pacific Financial boosted its stake in shares of Honeywell International by 3,350.0% in the 3rd quarter. First Pacific Financial now owns 552 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 536 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Honeywell International by 5.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 139,940 shares of the conglomerate’s stock worth $25,853,000 after buying an additional 6,952 shares during the period. Finally, Mayfair Advisory Group LLC raised its stake in Honeywell International by 7.3% during the third quarter. Mayfair Advisory Group LLC now owns 2,463 shares of the conglomerate’s stock worth $459,000 after buying an additional 168 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $215.71.

Honeywell International Stock Performance

Honeywell International stock traded up $2.13 during midday trading on Wednesday, reaching $194.86. The stock had a trading volume of 1,354,272 shares, compared to its average volume of 2,993,846. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $126.89 billion, a PE ratio of 22.33, a P/E/G ratio of 2.23 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The firm’s 50-day moving average price is $197.99 and its 200 day moving average price is $196.54.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the firm earned $2.07 EPS. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts predict that Honeywell International Inc. will post 9.95 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.