Codex Capital Asset Management L.L.C. Acquires 9,000 Shares of Honeywell International Inc. $HON

Codex Capital Asset Management L.L.C. boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 36.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,000 shares of the conglomerate’s stock after acquiring an additional 9,000 shares during the quarter. Honeywell International accounts for approximately 2.7% of Codex Capital Asset Management L.L.C.’s holdings, making the stock its 14th biggest holding. Codex Capital Asset Management L.L.C.’s holdings in Honeywell International were worth $7,157,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HON. Barnes Dennig Private Wealth Management LLC raised its position in shares of Honeywell International by 491.7% in 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 in the last quarter. Howard Hughes Medical Institute bought a new stake in Honeywell International during the second quarter valued at about $33,000. Cedar Mountain Advisors LLC boosted its position in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in Honeywell International by 833.3% in the third 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 bought a new position in Honeywell International in the third quarter worth about $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $235.29 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The company’s fifty day moving average price is $225.66 and its 200-day moving average price is $211.74. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The firm has a market capitalization of $149.57 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.41 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last issued its 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. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the business posted $2.47 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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 paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Insider Transactions at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This represents a 52.34% 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 valued at $4,244,287 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research report on Wednesday. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research note on Friday, January 16th. Royal Bank Of Canada raised their target price on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Finally, The Goldman Sachs Group upped their target price on Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Twelve equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

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.