Jain Global LLC Sells 81,789 Shares of Honeywell International Inc. $HON

Jain Global LLC lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 40.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,526 shares of the conglomerate’s stock after selling 81,789 shares during the quarter. Jain Global LLC’s holdings in Honeywell International were worth $25,792,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. Howard Hughes Medical Institute purchased a new position in Honeywell International in the 2nd quarter worth about $33,000. Cedar Mountain Advisors LLC lifted its holdings in Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Honeywell International by 833.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in Honeywell International in the 3rd quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s 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 sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,190 shares of company stock valued at $4,244,287. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HON shares. Wolfe Research upgraded shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 target price on the stock in a research note on Friday, February 27th. Citigroup boosted their price target on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Barclays raised their price objective on Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada lifted their target price on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

Honeywell International Price Performance

Shares of HON opened at $234.50 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 50 day moving average price of $229.78 and a 200-day moving average price of $212.27. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The stock has a market capitalization of $149.07 billion, a PE ratio of 29.35, a PEG ratio of 3.39 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. The company 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%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $2.47 earnings per share. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.19 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) 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.