Aster Capital Management DIFC Ltd Reduces Holdings in Honeywell International Inc. $HON

Aster Capital Management DIFC Ltd reduced its position in Honeywell International Inc. (NASDAQ:HON) by 50.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,844 shares of the conglomerate’s stock after selling 5,834 shares during the period. Honeywell International accounts for about 0.6% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 29th biggest holding. Aster Capital Management DIFC Ltd’s holdings in Honeywell International were worth $1,230,000 at the end of the most recent reporting period.

Other large investors 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 third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International during the second quarter worth approximately $33,000. Cedar Mountain Advisors LLC grew its position in shares of Honeywell International by 116.7% during 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% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 150 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in Honeywell International in the 3rd quarter valued at $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON opened at $240.88 on Friday. The stock has a market capitalization of $153.12 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $246.00. The firm has a 50-day moving average price of $220.19 and a 200 day moving average price of $210.73. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period last year, the company posted $2.47 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.19 dividend. The ex-dividend date 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 currently 59.57%.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Rothschild & Co Redburn raised their price objective on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Finally, BNP Paribas Exane increased their price objective on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $247.50.

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.