Wendell David Associates Inc. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 11.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,410 shares of the conglomerate’s stock after buying an additional 2,470 shares during the quarter. Wendell David Associates Inc.’s holdings in Honeywell International were worth $3,895,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HON. CX Institutional purchased a new stake in Honeywell International in the second quarter valued at $100,000. Jolley Asset Management LLC purchased a new stake in Honeywell International in the second quarter valued at $104,000. Fort L.P. purchased a new stake in Honeywell International in the second quarter valued at $118,000. McKinley Carter Wealth Services Inc. purchased a new stake in Honeywell International in the first quarter valued at $125,000. Finally, Kiley Juergens Wealth Management LLC purchased a new stake in Honeywell International in the second quarter valued at $125,000. 74.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares in the company, valued at approximately $1,863,760.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the transaction, the insider now owns 16,131 shares of the company’s stock, valued at approximately $2,568,861.75. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
HON stock opened at $156.20 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International Inc. has a 52-week low of $139.51 and a 52-week high of $167.72. The stock has a market cap of $123.57 billion, a PE ratio of 21.97, a PEG ratio of 1.93 and a beta of 0.99.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business had revenue of $10.92 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the company posted $1.80 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is 41.91%.
Several equities research analysts have commented on HON shares. Morgan Stanley started coverage on shares of Honeywell International in a report on Monday, August 20th. They issued an “overweight” rating and a $175.00 price target on the stock. Barclays upped their price target on shares of Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a report on Tuesday, July 31st. HSBC lowered shares of 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, Cowen reaffirmed a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a report on Friday, August 24th. Three equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $174.79.
About Honeywell International
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.
Featured Story: How to Calculate Compound Annual Growth Rate (CAGR)
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).
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.