Advisors Capital Management LLC Has $68.69 Million Position in Honeywell International Inc. $HON

Advisors Capital Management LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,311 shares of the conglomerate’s stock after buying an additional 9,514 shares during the period. Advisors Capital Management LLC’s holdings in Honeywell International were worth $68,689,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. bought a new position in Honeywell International during the 3rd quarter worth $4,147,000. First National Trust Co grew its position in shares of Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after buying an additional 6,803 shares during the last quarter. Triton Financial Group Inc acquired a new stake in shares of Honeywell International in the second quarter valued at about $1,001,000. Managed Asset Portfolios LLC raised its position in shares of Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after acquiring an additional 4,061 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Argus increased their target price on shares of Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada upped their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Citigroup boosted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group cut their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Finally, Robert W. Baird lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.50.

Honeywell International Trading Up 0.5%

NASDAQ:HON opened at $242.65 on Wednesday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $245.63. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $154.06 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.50 and a beta of 0.94. The firm has a fifty day simple moving average of $213.74 and a two-hundred day simple moving average of $209.46.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Honeywell International Profile

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.