Allspring Global Investments Holdings LLC Grows Stock Holdings in Honeywell International Inc. $HON

Allspring Global Investments Holdings LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 415,724 shares of the conglomerate’s stock after purchasing an additional 55,421 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Honeywell International were worth $81,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Honeywell International by 28.8% during the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after purchasing an additional 2,277,234 shares during the last quarter. Invesco Ltd. grew its stake in Honeywell International by 11.0% during the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock worth $1,287,408,000 after buying an additional 605,600 shares during the last quarter. Unisphere Establishment increased its position in Honeywell International by 5.4% during the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock worth $887,258,000 after buying an additional 215,000 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Honeywell International by 15,459.1% in the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock valued at $791,667,000 after acquiring an additional 4,031,879 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Honeywell International by 1.4% during the third quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock worth $851,880,000 after acquiring an additional 55,681 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Price Performance

Shares of HON opened at $226.03 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $233.69 and its two-hundred day moving average is $213.16. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The firm has a market capitalization of $143.68 billion, a PE ratio of 28.29, a P/E/G ratio of 3.23 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the business posted $2.47 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio is 59.57%.

Wall Street Analyst Weigh In

HON has been the subject of several research reports. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. Wolfe Research raised shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 target price for the company in a report on Friday, February 27th. JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. DZ Bank reduced their price objective on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Finally, BNP Paribas Exane lifted their target price on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.54.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.