Lucia Wealth Services LLC raised its stake in Honeywell International Inc. (NYSE:HON) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,877 shares of the conglomerate’s stock after purchasing an additional 205 shares during the period. Lucia Wealth Services LLC’s holdings in Honeywell International were worth $474,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in Honeywell International by 3.9% during the first quarter. Morgan Stanley now owns 9,783,436 shares of the conglomerate’s stock worth $1,308,927,000 after purchasing an additional 370,187 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Honeywell International by 14.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,336 shares of the conglomerate’s stock worth $1,208,243,000 after purchasing an additional 1,032,715 shares during the last quarter. Swiss National Bank boosted its holdings in Honeywell International by 1.6% during the 2nd quarter. Swiss National Bank now owns 2,818,134 shares of the conglomerate’s stock valued at $407,474,000 after acquiring an additional 45,000 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Honeywell International by 17.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,890,993 shares of the conglomerate’s stock valued at $311,082,000 after acquiring an additional 280,515 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Honeywell International by 3.1% during the 3rd quarter. California Public Employees Retirement System now owns 1,707,245 shares of the conglomerate’s stock valued at $281,030,000 after acquiring an additional 51,384 shares during the period. 75.30% of the stock is owned by hedge funds and other institutional investors.
In other Honeywell International news, Director D Scott Davis sold 2,111 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $198.86, for a total value of $419,793.46. Also, major shareholder Honeywell International Inc purchased 44,600 shares of the stock in a transaction on Monday, October 26th. The stock was bought at an average cost of $3.39 per share, for a total transaction of $151,194.00. Following the completion of the acquisition, the insider now owns 97,200 shares in the company, valued at $329,508. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 756,849 shares of company stock valued at $2,916,197 and have sold 51,717 shares valued at $9,097,448. Corporate insiders own 0.64% of the company’s stock.
A number of brokerages recently commented on HON. Credit Suisse Group raised their target price on Honeywell International from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $169.00 to $175.00 and gave the company a “hold” rating in a report on Monday, November 2nd. Morgan Stanley raised their target price on Honeywell International from $172.00 to $178.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Bank of America raised their target price on Honeywell International from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Finally, Argus raised their target price on Honeywell International from $185.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $167.28.
Shares of HON traded down $4.20 on Tuesday, hitting $204.39. The company’s stock had a trading volume of 27,860 shares, compared to its average volume of 3,564,236. The company has a market capitalization of $146.36 billion, a PE ratio of 29.93, a PEG ratio of 3.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.37. Honeywell International Inc. has a fifty-two week low of $101.08 and a fifty-two week high of $210.00. The company has a 50 day moving average price of $175.68 and a 200 day moving average price of $157.10.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 30th. The conglomerate reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. The company had revenue of $7.80 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 7.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Honeywell International’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. Honeywell International’s dividend payout ratio is currently 45.59%.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. The Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems; and connected solutions and data services for the aftermarket, as well as wireless connectivity, and management and technical services.
Featured Article: Why is cost of goods sold important?
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.