Focus Partners Advisor Solutions LLC Boosts Stock Position in Honeywell International Inc. $HON

Focus Partners Advisor Solutions LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 29.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,119 shares of the conglomerate’s stock after buying an additional 2,526 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Honeywell International were worth $2,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HON. Unisphere Establishment lifted its position in Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after acquiring an additional 300,000 shares during the last quarter. Legal & General Group Plc increased its position in shares of Honeywell International by 3.9% during the second quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after purchasing an additional 138,235 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 23,503.0% during the 2nd 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. Alliancebernstein L.P. boosted its position in shares of Honeywell International by 9.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after purchasing an additional 263,043 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Honeywell International by 0.6% in the 2nd quarter. Boston Partners now owns 2,908,310 shares of the conglomerate’s stock worth $675,394,000 after purchasing an additional 16,433 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $245.97 on Thursday. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The business’s 50 day moving average price is $224.07 and its 200 day moving average price is $211.46. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm has a market cap of $156.36 billion, a P/E ratio of 30.78, a P/E/G ratio of 3.53 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last announced 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 during 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 40.64%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Monday, January 5th. Robert W. Baird upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, January 30th. BNP Paribas Exane increased their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. DZ Bank lowered their target price on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.22.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated 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 owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 in the last quarter. Company insiders own 0.20% of the company’s stock.

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.