Perkins Coie Trust Co Acquires 942 Shares of Honeywell International Inc. (NYSE:HON)

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Perkins Coie Trust Co grew its holdings in shares of Honeywell International Inc. (NYSE:HON) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,632 shares of the conglomerate’s stock after purchasing an additional 942 shares during the quarter. Perkins Coie Trust Co’s holdings in Honeywell International were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HON. SevenBridge Financial Group LLC grew its position in Honeywell International by 0.5% in the 2nd quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock worth $2,014,000 after purchasing an additional 60 shares during the last quarter. Claro Advisors LLC grew its position in Honeywell International by 0.8% in the 2nd quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock worth $1,361,000 after purchasing an additional 60 shares during the last quarter. Financial Advocates Investment Management grew its position in Honeywell International by 0.8% in the 2nd quarter. Financial Advocates Investment Management now owns 7,309 shares of the conglomerate’s stock worth $1,276,000 after purchasing an additional 60 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in Honeywell International by 1.4% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 4,292 shares of the conglomerate’s stock worth $749,000 after purchasing an additional 60 shares during the last quarter. Finally, Claraphi Advisory Network LLC grew its position in Honeywell International by 1.3% in the 2nd quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock worth $847,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

In related news, Chairman Darius Adamczyk sold 7,149 shares of Honeywell International stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction dated 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 directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold a total of 25,133 shares of company stock valued at $4,141,655 over the last three months. 0.73% of the stock is currently owned by insiders.

Several analysts have issued reports on the stock. Barclays raised their price target 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. Jefferies Financial Group lifted their target price on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Cowen reiterated a “buy” rating and set a $180.00 target price on shares of Honeywell International in a research report on Friday, August 2nd. Finally, Citigroup lifted their target price on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average price target of $184.09.

Shares of Honeywell International stock traded up $3.36 during trading on Friday, hitting $164.33. 808,377 shares of the company’s stock traded hands, compared to its average volume of 2,783,398. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm’s fifty day moving average price is $165.05 and its 200 day moving average price is $168.10. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a market cap of $114.13 billion, a PE ratio of 20.52, a PEG ratio of 2.11 and a beta of 1.10.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the firm posted $2.12 EPS. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, equities research analysts anticipate that Honeywell International Inc. will post 8.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.90 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 14th. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

Honeywell International Company 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.

Read More: Are we seeing the beginning of a new bubble?

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

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