Arizona State Retirement System Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Arizona State Retirement System increased its stake in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,081 shares of the conglomerate’s stock after purchasing an additional 1,380 shares during the quarter. Arizona State Retirement System’s holdings in Honeywell International were worth $42,486,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC grew its position in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after buying an additional 174 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Honeywell International by 0.5% during the third quarter. Harbor Capital Advisors Inc. now owns 14,966 shares of the conglomerate’s stock worth $3,094,000 after purchasing an additional 74 shares during the last quarter. Confluence Wealth Services Inc. lifted its stake in Honeywell International by 25.1% during the third quarter. Confluence Wealth Services Inc. now owns 1,796 shares of the conglomerate’s stock worth $371,000 after purchasing an additional 360 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Honeywell International by 5.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 29,295 shares of the conglomerate’s stock worth $6,056,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in Honeywell International by 413.2% during the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after purchasing an additional 2,599 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several research analyst reports. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Barclays lowered their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Morgan Stanley boosted their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.71.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated 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 owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

HON stock opened at $208.00 on Wednesday. The stock’s 50 day simple moving average is $217.85 and its 200 day simple moving average is $216.14. The stock has a market capitalization of $135.18 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. 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 Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. 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.