Invesco Ltd. Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Invesco Ltd. lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,285,417 shares of the conglomerate’s stock after purchasing an additional 263,188 shares during the period. Invesco Ltd. owned about 0.81% of Honeywell International worth $1,193,923,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HON. Howard Capital Management Group LLC increased its holdings 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 valued at $571,000 after buying an additional 174 shares during the period. United Bank raised its holdings in shares of Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after buying an additional 220 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Honeywell International during the third quarter worth $2,311,000. Kimelman & Baird LLC grew its holdings in shares of Honeywell International by 0.7% during the third quarter. Kimelman & Baird LLC now owns 129,742 shares of the conglomerate’s stock valued at $26,819,000 after buying an additional 843 shares during the last quarter. Finally, Montchanin Asset Management LLC increased its position in shares of Honeywell International by 6.8% in the 3rd quarter. Montchanin Asset Management LLC now owns 12,540 shares of the conglomerate’s stock valued at $2,592,000 after acquiring an additional 800 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $190.99 on Monday. Honeywell International Inc. has a one year low of $188.42 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm’s 50 day moving average price is $211.63 and its 200-day moving average price is $217.21. The firm has a market cap of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Barclays decreased their target price on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Royal Bank of Canada lowered their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $249.08.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

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.