Honeywell International Inc. $HON Shares Purchased by Close Asset Management Ltd

Close Asset Management Ltd grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 37.2% during the third quarter, Holdings Channel reports. The firm owned 52,037 shares of the conglomerate’s stock after purchasing an additional 14,122 shares during the period. Close Asset Management Ltd’s holdings in Honeywell International were worth $10,953,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HON. Barnes Dennig Private Wealth Management LLC lifted its position in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International during the second quarter worth about $33,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of 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 purchasing an additional 150 shares during the period. Finally, Cloud Capital Management LLC purchased a new position in Honeywell International during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $240.00 in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Daiwa Securities Group raised their price objective on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Finally, Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research note on Friday, January 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $247.50.

Insiders Place Their Bets

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock worth $4,244,287 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International Stock Down 0.5%

HON stock opened at $240.88 on Friday. The stock has a market capitalization of $153.12 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.94. The company has a fifty day moving average of $220.19 and a 200-day moving average of $210.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International Inc. has a one year low of $169.21 and a one year high of $246.00.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 earnings per share. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

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.