TCG Advisory Services LLC Buys 4,518 Shares of Honeywell International Inc. (NASDAQ:HON)

TCG Advisory Services LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 27.4% during the fourth quarter, Holdings Channel reports. The firm owned 20,998 shares of the conglomerate’s stock after purchasing an additional 4,518 shares during the quarter. TCG Advisory Services LLC’s holdings in Honeywell International were worth $4,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position in Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after purchasing an additional 347,808 shares during the period. Northern Trust Corp increased its holdings in Honeywell International by 4.3% during the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after buying an additional 263,640 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Honeywell International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock valued at $656,812,000 after buying an additional 34,135 shares during the last quarter. Barclays PLC increased its holdings in Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after buying an additional 1,162,518 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after buying an additional 636,104 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HON. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada reduced their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $215.71.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

HON stock traded up $2.17 during trading on Friday, hitting $195.81. 2,251,381 shares of the company’s stock traded hands, compared to its average volume of 2,992,784. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The business has a fifty day simple moving average of $197.66 and a 200 day simple moving average of $196.58. The stock has a market capitalization of $127.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.07 EPS. As a group, research analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.