Swiss National Bank Has $389.97 Million Stock Position in Honeywell International Inc. $HON

Swiss National Bank lowered its position in Honeywell International Inc. (NASDAQ:HON) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,852,600 shares of the conglomerate’s stock after selling 111,300 shares during the quarter. Swiss National Bank’s holdings in Honeywell International were worth $389,972,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Honeywell International by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after purchasing an additional 1,223 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Honeywell International in the second quarter worth about $2,951,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Honeywell International by 305.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 133,134 shares of the conglomerate’s stock worth $31,004,000 after purchasing an additional 100,325 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Wolfe Research upgraded Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective on the stock in a research note on Friday, February 27th. Rothschild & Co Redburn raised their target price on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Evercore boosted their price target on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Jefferies Financial Group increased their price objective on Honeywell International from $240.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $251.22.

Insider Activity

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 1.3%

Shares of HON opened at $235.29 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The company has a market cap of $149.57 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.41 and a beta of 0.92. The stock has a fifty day moving average price of $225.66 and a two-hundred day moving average price of $211.70. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the business earned $2.47 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

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.