Gillespie Robinson & Grimm Inc. Acquires New Position in Honeywell International Inc. (HON)

Gillespie Robinson & Grimm Inc. bought a new stake in Honeywell International Inc. (NYSE:HON) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,294 shares of the conglomerate’s stock, valued at approximately $215,000.

A number of other large investors also recently modified their holdings of HON. Principal Financial Group Inc. grew its holdings in Honeywell International by 10.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock valued at $290,840,000 after buying an additional 192,133 shares in the last quarter. Rainier Group Investment Advisory LLC purchased a new stake in Honeywell International in the 1st quarter valued at $159,000. Braun Bostich & Associates Inc. purchased a new stake in Honeywell International in the 1st quarter valued at $933,000. Baxter Bros Inc. grew its holdings in Honeywell International by 26.3% in the 1st quarter. Baxter Bros Inc. now owns 33,590 shares of the conglomerate’s stock valued at $4,854,000 after buying an additional 6,996 shares in the last quarter. Finally, Highbridge Capital Management LLC grew its holdings in Honeywell International by 3,945.1% in the 1st quarter. Highbridge Capital Management LLC now owns 26,916 shares of the conglomerate’s stock valued at $3,889,000 after buying an additional 27,616 shares in the last quarter. Institutional investors own 74.75% of the company’s stock.

In related news, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the completion of the transaction, the insider now directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the firm’s 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 transaction, the director now owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

HON has been the subject of several analyst reports. Wolfe Research initiated coverage on Honeywell International in a report on Wednesday, June 27th. They issued an “outperform” rating and a $170.00 target price for the company. Gordon Haskett initiated coverage on Honeywell International in a report on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Deutsche Bank set a $166.00 price target on Honeywell International and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, UBS Group increased their price target on Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Honeywell International has an average rating of “Buy” and an average target price of $174.79.

NYSE HON opened at $155.19 on Friday. The firm has a market cap of $117.37 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.11. Honeywell International Inc. has a twelve month low of $139.51 and a twelve month high of $167.72.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business posted $1.80 EPS. Honeywell International’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 8.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.11%. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 41.91%.

About Honeywell International

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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