Woodley Farra Manion Portfolio Management Inc. Has $69.79 Million Stake in Honeywell International Inc. $HON

Woodley Farra Manion Portfolio Management Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 331,565 shares of the conglomerate’s stock after selling 5,530 shares during the quarter. Honeywell International accounts for 3.3% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 11th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Honeywell International were worth $69,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in Honeywell International in the 2nd quarter worth about $33,000. SJS Investment Consulting Inc. increased its stake in Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after buying an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of HON stock traded up $3.22 on Friday, hitting $243.99. 161,513 shares of the stock were exchanged, compared to its average volume of 4,678,205. The firm’s 50 day moving average is $215.66 and its two-hundred day moving average is $209.90. Honeywell International Inc. has a one year low of $169.21 and a one year high of $245.63. The firm has a market capitalization of $155.10 billion, a PE ratio of 30.39, a P/E/G ratio of 3.49 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.05 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HON shares. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a report on Monday, January 5th. HSBC reduced their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Bank of America reaffirmed an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Finally, Robert W. Baird raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $246.32.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.