Managed Asset Portfolios LLC Acquires 2,133 Shares of Honeywell International Inc. $HON

Managed Asset Portfolios LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.2% in the third quarter, Holdings Channel reports. The institutional investor owned 97,966 shares of the conglomerate’s stock after buying an additional 2,133 shares during the period. Honeywell International makes up 2.6% of Managed Asset Portfolios LLC’s holdings, making the stock its 20th largest holding. Managed Asset Portfolios LLC’s holdings in Honeywell International were worth $20,622,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Summit Wealth Group LLC increased its stake in Honeywell International by 4.3% during the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after acquiring an additional 46 shares during the period. Nova R Wealth Inc. grew its holdings in shares of Honeywell International by 3.0% during the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after purchasing an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. increased its position in shares of Honeywell International by 2.2% in the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock worth $490,000 after purchasing an additional 50 shares during the period. Mather Group LLC. increased its position in shares of Honeywell International by 0.6% in the third quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after purchasing an additional 51 shares during the period. Finally, Arrow Financial Corp raised its stake in Honeywell International by 0.5% in the third quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock valued at $2,201,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Robert W. Baird upped their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. 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. Finally, Bank of America restated an “underperform” rating and set a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Twelve 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 company. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average price target of $250.17.

Insider Transactions at Honeywell International

In other Honeywell International news, 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 value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 1.7%

Shares of Honeywell International stock opened at $243.85 on Wednesday. The firm’s 50 day moving average is $223.09 and its 200 day moving average is $211.21. The firm has a market capitalization of $155.01 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.92. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm 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 company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.47 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share 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. Investors of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s payout ratio is currently 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.