Quintet Private Bank Europe S.A. Raises Stake in Honeywell International Inc. $HON

Quintet Private Bank Europe S.A. lifted its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 24.0% in the fourth quarter, HoldingsChannel reports. The fund owned 32,820 shares of the conglomerate’s stock after buying an additional 6,350 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Honeywell International were worth $6,403,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after acquiring an additional 2,277,234 shares during the last quarter. Invesco Ltd. increased its position in shares of Honeywell International by 11.0% in the third quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock valued at $1,287,408,000 after acquiring an additional 605,600 shares during the period. Unisphere Establishment raised its stake in shares of Honeywell International by 5.4% during the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock valued at $887,258,000 after acquiring an additional 215,000 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Honeywell International by 15,459.1% in the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock worth $791,667,000 after purchasing an additional 4,031,879 shares during the last quarter. Finally, Capital Research Global Investors raised its position in Honeywell International by 1.4% during the 3rd quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock valued at $851,880,000 after purchasing an additional 55,681 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $229.45 on Friday. The firm has a market capitalization of $145.86 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.32 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The business’s 50-day moving average is $234.17 and its 200 day moving average is $213.50. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.47 EPS. On average, research 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. Investors of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Key Headlines Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent analyst reports. Rothschild & Co Redburn upped their target price on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Citigroup lifted their price target on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. DZ Bank lowered their price objective on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Finally, Mizuho reduced their price target on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.83.

Get Our Latest Stock Analysis on Honeywell International

Insider Activity

In other news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.20% of the company’s stock.

About Honeywell International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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