Cannell & Spears LLC Acquires 3,236 Shares of Honeywell International Inc. $HON

Cannell & Spears LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 109,646 shares of the conglomerate’s stock after acquiring an additional 3,236 shares during the quarter. Cannell & Spears LLC’s holdings in Honeywell International were worth $23,080,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% during 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 during the period. Howard Hughes Medical Institute bought a new stake in Honeywell International in the 2nd quarter valued at $33,000. Cedar Mountain Advisors LLC raised its stake in 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 acquiring an additional 84 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Honeywell International by 833.3% during 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 last quarter. Finally, Cloud Capital Management LLC acquired a new stake in Honeywell International during the 3rd quarter valued at $35,000. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. DZ Bank cut their target price on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Royal Bank Of Canada lifted their target price on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Evercore upped their price target on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $251.65.

Insider Activity at Honeywell International

In related 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 directly 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 filing with the SEC, which is accessible through this link. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock worth $4,244,287 over the last ninety days. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Up 0.5%

HON opened at $234.50 on Friday. The stock has a fifty day moving average of $229.78 and a 200-day moving average of $212.34. The company has a market capitalization of $149.07 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. 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 (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company posted $2.47 earnings per share. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

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.