Waycross Partners LLC Increases Stake in Honeywell International Inc. $HON

Waycross Partners LLC increased its position in Honeywell International Inc. (NASDAQ:HON) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,086 shares of the conglomerate’s stock after purchasing an additional 2,919 shares during the quarter. Honeywell International makes up about 2.4% of Waycross Partners LLC’s investment portfolio, making the stock its 17th largest holding. Waycross Partners LLC’s holdings in Honeywell International were worth $27,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. First National Bank of Omaha purchased a new stake in shares of Honeywell International in the 3rd quarter worth about $4,486,000. Ingalls & Snyder LLC boosted its stake in Honeywell International by 22.1% during the third quarter. Ingalls & Snyder LLC now owns 2,783 shares of the conglomerate’s stock worth $586,000 after acquiring an additional 504 shares in the last quarter. Drucker Wealth 3.0 LLC grew its holdings in Honeywell International by 3.9% in the third quarter. Drucker Wealth 3.0 LLC now owns 3,944 shares of the conglomerate’s stock worth $830,000 after purchasing an additional 148 shares during the period. Beirne Wealth Consulting Services LLC increased its stake in shares of Honeywell International by 53.3% during the third quarter. Beirne Wealth Consulting Services LLC now owns 2,377 shares of the conglomerate’s stock valued at $501,000 after purchasing an additional 826 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Honeywell International during the third quarter valued at approximately $5,870,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several analyst reports. Mizuho dropped their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research note on Friday, January 16th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a research report on Monday, January 5th. Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Finally, HSBC cut their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Honeywell International Trading Up 0.5%

Honeywell International stock 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 firm has a market capitalization of $154.06 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 3.50 and a beta of 0.94. The firm has a 50 day moving average of $213.74 and a 200 day moving average of $209.46. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76.

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

Honeywell International Announces Dividend

The firm also recently declared 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%.

Honeywell International Company 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.