State of Alaska Department of Revenue Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

State of Alaska Department of Revenue raised its stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 94,109 shares of the conglomerate’s stock after buying an additional 635 shares during the quarter. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $20,167,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HON. Bellwether Advisors LLC lifted its position in Honeywell International by 14.3% in the third quarter. Bellwether Advisors LLC now owns 383 shares of the conglomerate’s stock worth $63,000 after buying an additional 48 shares during the last quarter. Key Financial Inc lifted its position in Honeywell International by 3.8% in the third quarter. Key Financial Inc now owns 1,340 shares of the conglomerate’s stock worth $224,000 after buying an additional 49 shares during the last quarter. S&CO Inc. lifted its position in Honeywell International by 3.4% in the third quarter. S&CO Inc. now owns 1,522 shares of the conglomerate’s stock worth $254,000 after buying an additional 50 shares during the last quarter. Vantage Financial Partners Ltd. Inc. lifted its position in Honeywell International by 0.8% in the third quarter. Vantage Financial Partners Ltd. Inc. now owns 6,125 shares of the conglomerate’s stock worth $1,023,000 after buying an additional 50 shares during the last quarter. Finally, Lcnb Corp lifted its position in Honeywell International by 1.0% in the third quarter. Lcnb Corp now owns 5,052 shares of the conglomerate’s stock worth $844,000 after buying an additional 50 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 2.4 %

Shares of HON stock traded down $4.50 on Friday, hitting $184.64. The stock had a trading volume of 7,383,864 shares, compared to its average volume of 3,089,855. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $201.18 and a 200 day moving average price of $199.50. The company has a market cap of $123.37 billion, a PE ratio of 25.40, a P/E/G ratio of 2.35 and a beta of 1.10. Honeywell International Inc. has a one year low of $166.63 and a one year high of $220.96.

Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.01. The firm had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.26 billion. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 9.03 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a $1.03 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $4.12 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 56.67%.

Analyst Ratings Changes

HON has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Honeywell International from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Wells Fargo & Company raised their price target on Honeywell International from $206.00 to $209.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 19th. UBS Group decreased their target price on Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a research report on Tuesday, February 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $242.00 to $235.00 in a research report on Friday, February 3rd. Finally, Credit Suisse Group decreased their target price on Honeywell International from $202.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $214.88.

Honeywell International Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.