Sava Penzisko Drushtvo A.D. Skopje Makes New $6.75 Million Investment in Honeywell International Inc. $HON

Sava Penzisko Drushtvo A.D. Skopje bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 32,058 shares of the conglomerate’s stock, valued at approximately $6,748,000. Honeywell International makes up about 2.2% of Sava Penzisko Drushtvo A.D. Skopje’s investment portfolio, making the stock its 20th largest position.

Other hedge funds have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC increased its position in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Honeywell International in the second quarter worth $33,000. Cedar Mountain Advisors LLC grew its stake in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of 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 acquiring an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $35,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

HON stock opened at $240.88 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $246.00. The company has a market cap of $153.12 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.94. The stock’s fifty day moving average price is $220.19 and its 200-day moving average price is $210.73.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company 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%.Honeywell International’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 earnings per share. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.19 dividend. The ex-dividend date of this dividend is 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 presently 59.57%.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction 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. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock valued at $4,244,287 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. The Goldman Sachs Group upped their price target on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday. BNP Paribas Exane upped their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Wall Street Zen raised Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $247.50.

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.