Parkside Investments LLC Raises Holdings in Honeywell International Inc. (HON)

Parkside Investments LLC grew its position in Honeywell International Inc. (NYSE:HON) by 20.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,020 shares of the conglomerate’s stock after purchasing an additional 520 shares during the quarter. Parkside Investments LLC’s holdings in Honeywell International were worth $502,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in shares of Honeywell International by 10.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock worth $290,840,000 after purchasing an additional 192,133 shares during the last quarter. TLP Group LLC lifted its stake in shares of Honeywell International by 2,320.5% during the 1st quarter. TLP Group LLC now owns 2,953 shares of the conglomerate’s stock worth $427,000 after purchasing an additional 2,831 shares during the last quarter. Rainier Group Investment Advisory LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth $159,000. Highlander Capital Management LLC lifted its stake in shares of Honeywell International by 61.1% during the 1st quarter. Highlander Capital Management LLC now owns 1,319 shares of the conglomerate’s stock worth $189,000 after purchasing an additional 500 shares during the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth $226,000. Institutional investors and hedge funds own 74.60% of the company’s stock.

Shares of NYSE:HON opened at $158.05 on Thursday. Honeywell International Inc. has a 1 year low of $139.51 and a 1 year high of $167.72. The stock has a market cap of $123.57 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The company had revenue of $10.92 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts expect that Honeywell International Inc. will post 8.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 15th. Honeywell International’s dividend payout ratio is currently 41.91%.

A number of equities research analysts recently weighed in on HON shares. Wolfe Research started coverage on Honeywell International in a research note on Wednesday, June 27th. They set an “outperform” rating and a $170.00 price objective for the company. MED started coverage on Honeywell International in a research note on Thursday, July 12th. They set a “buy” rating and a $166.00 price objective for the company. Deutsche Bank set a $166.00 price objective on Honeywell International and gave the stock a “buy” rating in a research note on Thursday, July 12th. Barclays upped their price objective on Honeywell International from $172.00 to $176.00 and gave the stock a “$153.70” rating in a research note on Monday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a research note on Monday, July 23rd. Three research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $174.79.

In other news, insider Vimal Kapur sold 9,996 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 3,066 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the transaction, the director now directly owns 11,787 shares in the company, valued at $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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