Honeywell International Inc. $HON Shares Bought by Intellectus Partners LLC

Intellectus Partners LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 48.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,658 shares of the conglomerate’s stock after buying an additional 2,811 shares during the quarter. Intellectus Partners LLC’s holdings in Honeywell International were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in shares of Honeywell International in the 2nd quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC raised its holdings 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 worth $30,000 after purchasing an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC lifted 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 during the period. SJS Investment Consulting Inc. lifted its position in Honeywell International by 833.3% during 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 period. Finally, Cloud Capital Management LLC acquired a new position in Honeywell International during the third quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 1.3%

HON opened at $235.29 on Friday. The company has a fifty day moving average of $225.66 and a two-hundred day moving average of $211.78. The stock has a market capitalization of $149.57 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.45 and a beta of 0.92. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the prior year, the company posted $2.47 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio is currently 59.57%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird upped their price target 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. TD Cowen reduced their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a report on Friday, January 16th. Citigroup upped their target price on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Bank of America reaffirmed an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Insider Buying and Selling

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm’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 value of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of 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 SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock worth $4,244,287 in the last quarter. 0.20% of the stock is currently owned by company insiders.

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.