Honeywell International Inc. (NASDAQ:HON) Shares Bought by Lincoln National Corp

Lincoln National Corp lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,639 shares of the conglomerate’s stock after buying an additional 473 shares during the period. Lincoln National Corp’s holdings in Honeywell International were worth $2,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HON. Fielder Capital Group LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $492,000. Maryland State Retirement & Pension System raised its position in Honeywell International by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 51,835 shares of the conglomerate’s stock valued at $10,870,000 after purchasing an additional 552 shares during the period. Private Advisor Group LLC lifted its stake in Honeywell International by 4.9% during the fourth quarter. Private Advisor Group LLC now owns 82,492 shares of the conglomerate’s stock worth $17,298,000 after purchasing an additional 3,844 shares in the last quarter. Summit Trail Advisors LLC boosted its position in shares of Honeywell International by 9.8% during the fourth quarter. Summit Trail Advisors LLC now owns 6,593 shares of the conglomerate’s stock worth $1,383,000 after buying an additional 587 shares during the period. Finally, Valley Brook Capital Group Inc. grew its stake in shares of Honeywell International by 1.0% in the fourth quarter. Valley Brook Capital Group Inc. now owns 5,685 shares of the conglomerate’s stock valued at $1,192,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

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

Honeywell International Stock Up 0.9 %

Shares of NASDAQ:HON traded up $1.85 on Tuesday, hitting $196.85. 1,952,489 shares of the company’s stock were exchanged, compared to its average volume of 3,013,874. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a market capitalization of $128.19 billion, a PE ratio of 22.82, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The firm’s 50-day moving average is $197.58 and its 200 day moving average is $196.83.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Honeywell International Company 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.