SevenBridge Financial Group LLC increased its position in shares of Honeywell International Inc. (NYSE:HON) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,479 shares of the conglomerate’s stock after purchasing an additional 467 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Honeywell International were worth $1,910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parthenon LLC increased its position in Honeywell International by 16.0% in the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock worth $345,000 after buying an additional 330 shares during the period. Bank of The Ozarks increased its position in Honeywell International by 3.1% in the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock worth $1,603,000 after buying an additional 334 shares during the period. Cardinal Capital Management Inc. increased its position in Honeywell International by 0.3% in the third quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock worth $19,031,000 after buying an additional 335 shares during the period. Bank OZK increased its position in Honeywell International by 3.1% in the third quarter. Bank OZK now owns 11,469 shares of the conglomerate’s stock worth $1,908,000 after buying an additional 342 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in Honeywell International by 40.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

HON has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on Honeywell International in a report on Monday, August 20th. They set an “overweight” rating and a $175.00 price target on the stock. Citigroup lowered their price target on Honeywell International from $194.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Argus reissued a “buy” rating on shares of Honeywell International in a report on Monday, October 22nd. HSBC lowered Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a report on Tuesday, October 2nd. Finally, Barclays raised their price target on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $172.90.

In related news, Director D Scott Davis sold 3,963 shares of Honeywell International stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total transaction of $590,922.93. Following the transaction, the director now directly owns 25,764 shares of the company’s stock, valued at $3,841,670.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of Honeywell International stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total value of $4,061,434.41. Following the transaction, the vice president now directly owns 91,829 shares in the company, valued at $13,187,562.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,644 shares of company stock worth $6,597,099. 1.33% of the stock is owned by corporate insiders.

NYSE:HON traded down $3.83 during mid-day trading on Thursday, reaching $138.85. 584,400 shares of the stock were exchanged, compared to its average volume of 2,989,255. The firm has a market cap of $105.62 billion, a P/E ratio of 19.53, a PEG ratio of 1.82 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $139.30 and a 1-year high of $167.72. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76.

Honeywell International (NYSE:HON) last released its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. Honeywell International’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 7.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, November 15th. Honeywell International’s payout ratio is presently 46.13%.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/honeywell-international-inc-hon-shares-bought-by-sevenbridge-financial-group-llc/2664492.html.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Read More: What strategies should day traders use to execute a trade?

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).

Institutional Ownership by Quarter for Honeywell International (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.