W.G. Shaheen & Associates DBA Whitney & Co Takes $5.87 Million Position in Honeywell International Inc. $HON

W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,888 shares of the conglomerate’s stock, valued at approximately $5,870,000.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Honeywell International by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,777,498 shares of the conglomerate’s stock worth $1,578,344,000 after acquiring an additional 48,968 shares during the period. Unisphere Establishment grew its stake in shares of Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock worth $931,520,000 after purchasing an additional 300,000 shares during the period. Legal & General Group Plc increased its holdings in Honeywell International by 3.9% in the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock valued at $867,663,000 after purchasing an additional 138,235 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Honeywell International by 9.9% in the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock valued at $678,935,000 after buying an additional 263,043 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.6%

Honeywell International stock opened at $241.38 on Tuesday. The company has a 50 day moving average of $212.69 and a 200-day moving average of $209.29. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $245.63. The stock has a market capitalization of $153.25 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last posted 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 analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.47 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio is currently 59.57%.

Insider Activity

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International 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 owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HON. Daiwa Securities Group boosted their target price on Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Citigroup upped their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Evercore increased their target price on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada boosted their price target on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, TD Cowen lowered their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International Company 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.