Private Ocean LLC Acquires 150 Shares of Honeywell International Inc. (NYSE:HON)

Private Ocean LLC grew its holdings in Honeywell International Inc. (NYSE:HON) by 61.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 396 shares of the conglomerate’s stock after acquiring an additional 150 shares during the quarter. Private Ocean LLC’s holdings in Honeywell International were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Lenox Wealth Advisors LLC lifted its stake in shares of Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Krane Funds Advisors LLC bought a new position in Honeywell International during the 2nd quarter valued at about $25,000. Investors Research Corp raised its position in Honeywell International by 678.3% in the 3rd quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 156 shares during the period. Mcmillion Capital Management Inc. purchased a new stake in Honeywell International in the 2nd quarter worth about $31,000. Finally, Transamerica Financial Advisors Inc. raised its position in Honeywell International by 2,371.4% in the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 166 shares during the period. Institutional investors own 76.46% of the company’s stock.

Shares of NYSE:HON traded up $1.55 during trading on Friday, reaching $181.21. 1,591,013 shares of the company were exchanged, compared to its average volume of 2,742,230. The firm has a market capitalization of $129.10 billion, a PE ratio of 22.62, a P/E/G ratio of 2.41 and a beta of 1.10. The business’s fifty day simple moving average is $168.54 and its 200-day simple moving average is $169.54. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $181.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.08.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.07. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period last year, the company posted $2.03 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 8.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

In other news, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the transaction, the chief executive officer now directly owns 28,920 shares in the company, valued at $4,739,409.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the transaction, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,133 shares of company stock worth $4,141,655. Insiders own 0.73% of the company’s stock.

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Barclays raised their target price on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Cowen set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Credit Suisse Group raised their target price on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $185.80.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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