Allspring Global Investments Holdings LLC Purchases 55,421 Shares of Honeywell International Inc. $HON

Allspring Global Investments Holdings LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 415,724 shares of the conglomerate’s stock after acquiring an additional 55,421 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of Honeywell International worth $81,432,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HON. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Acadian Asset Management LLC grew its position in shares of Honeywell International by 145.7% in the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after buying an additional 2,629 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after buying an additional 1,223 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Honeywell International by 2.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 6,557 shares of the conglomerate’s stock valued at $1,527,000 after purchasing an additional 135 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in Honeywell International by 2.9% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 25,170 shares of the conglomerate’s stock worth $5,862,000 after acquiring an additional 700 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 1.1%

Shares of Honeywell International stock 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. 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. The firm’s 50-day moving average price is $233.69 and its 200 day moving average price is $213.16.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.47 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.19 per share. The ex-dividend date 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 (DPR) is currently 59.57%.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Barclays lifted their target price on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Monday, January 5th. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $252.54.

About Honeywell International

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.