Logan Capital Management Inc. Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Logan Capital Management Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,059 shares of the conglomerate’s stock after selling 646 shares during the quarter. Logan Capital Management Inc.’s holdings in Honeywell International were worth $7,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Capital World Investors purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $435,786,000. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp lifted its position in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after buying an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC acquired a new stake in Honeywell International in the 4th quarter worth about $155,407,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $213.03 on Monday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market cap of $136.91 billion, a PE ratio of 24.46, a P/E/G ratio of 2.51 and a beta of 1.07. The stock has a 50 day simple moving average of $205.26 and a 200-day simple moving average of $215.34.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $9.59 billion. During the same quarter in the prior year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Royal Bank of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Citigroup reduced their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.