Altshuler Shaham Ltd Invests $27,000 in Honeywell International Inc. (NASDAQ:HON)

Altshuler Shaham Ltd bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 129 shares of the conglomerate’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Barclays PLC increased its holdings in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after acquiring an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after acquiring an additional 926,531 shares in the last quarter. Van ECK Associates Corp increased its holdings in Honeywell International by 853.0% in the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after acquiring an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after acquiring an additional 636,104 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after buying an additional 375,158 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Honeywell International Trading Up 0.6 %

Shares of NASDAQ:HON traded up $1.20 on Wednesday, hitting $198.05. 1,788,255 shares of the company’s stock were exchanged, compared to its average volume of 3,000,908. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market capitalization of $128.97 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The business’s 50 day simple moving average is $197.55 and its two-hundred day simple moving average is $196.94. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business 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 company earned $2.07 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

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 paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HON. Royal Bank of Canada cut 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 raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $215.71.

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.