Capital Research Global Investors Has $851.88 Million Stake in Honeywell International Inc. $HON

Capital Research Global Investors increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,046,957 shares of the conglomerate’s stock after buying an additional 55,681 shares during the period. Capital Research Global Investors owned 0.64% of Honeywell International worth $851,880,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC boosted its stake in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after buying an additional 3,700,786 shares during the last quarter. Bank of Nova Scotia boosted its position in Honeywell International by 171.8% during the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after purchasing an additional 509,456 shares during the period. Primecap Management Co. CA acquired a new position in Honeywell International in the 3rd quarter valued at about $89,968,000. Holocene Advisors LP acquired a new position in shares of Honeywell International in the second quarter valued at approximately $93,152,000. Finally, SG Americas Securities LLC increased its position in Honeywell International by 357.2% during the 2nd quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after buying an additional 382,152 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 1.3%

HON opened at $240.61 on Wednesday. The company’s 50-day moving average price is $227.36 and its two-hundred day moving average price is $211.97. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The stock has a market cap of $152.95 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 3.44 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

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

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio is presently 59.57%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HON shares. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a research report on Friday, January 16th. Bank of America reiterated an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Argus raised their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Wells Fargo & Company lifted their target price on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group upped their price objective on shares of Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.22.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 over the last 90 days. 0.41% of the stock is currently owned by company insiders.

Honeywell International Profile

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.