Clark Capital Management Group Inc. Acquires 142 Shares of Honeywell International Inc. (NASDAQ:HON)

Clark Capital Management Group Inc. grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,206 shares of the conglomerate’s stock after acquiring an additional 142 shares during the period. Clark Capital Management Group Inc.’s holdings in Honeywell International were worth $2,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Honeywell International by 3.7% in the third quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock worth $164,836,000 after purchasing an additional 28,812 shares during the period. ST Germain D J Co. Inc. lifted its stake in shares of Honeywell International by 11.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 10,323 shares of the conglomerate’s stock valued at $2,332,000 after buying an additional 1,048 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Honeywell International by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,342 shares of the conglomerate’s stock worth $3,466,000 after buying an additional 376 shares during the period. Sage Capital Advisors llc increased its stake in Honeywell International by 0.5% in the 4th quarter. Sage Capital Advisors llc now owns 18,570 shares of the conglomerate’s stock worth $4,195,000 after buying an additional 85 shares in the last quarter. Finally, Atlas Brown Inc. raised its holdings in Honeywell International by 8.3% during the fourth quarter. Atlas Brown Inc. now owns 1,645 shares of the conglomerate’s stock valued at $372,000 after acquiring an additional 126 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.7 %

Shares of HON stock opened at $213.03 on Friday. The company has a market cap of $136.91 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $205.26 and its two-hundred day simple moving average is $215.33. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company earned $2.25 earnings per share. Honeywell International’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup cut their target price on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday. Finally, Barclays dropped their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $242.23.

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.