Cinctive Capital Management LP Purchases New Shares in Honeywell International Inc. $HON

Cinctive Capital Management LP purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,575 shares of the conglomerate’s stock, valued at approximately $4,963,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nova R Wealth Inc. boosted its position in Honeywell International by 3.0% in the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after buying an additional 47 shares during the last quarter. Willow Creek Wealth Management Inc. increased its position in shares of Honeywell International by 2.2% during the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock worth $490,000 after acquiring an additional 50 shares during the last quarter. VSM Wealth Advisory LLC lifted its stake in shares of Honeywell International by 4.5% in the third quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock worth $242,000 after acquiring an additional 50 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Honeywell International by 0.6% in the third quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after acquiring an additional 51 shares in the last quarter. Finally, Arrow Financial Corp boosted its holdings in Honeywell International by 0.5% in the third quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock valued at $2,201,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction 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 transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 over the last three months. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.5%

HON stock opened at $234.50 on Monday. The stock has a market cap of $149.07 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92. The firm’s 50-day simple moving average is $229.78 and its 200 day simple moving average is $212.27. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. 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 posted 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 firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the business posted $2.47 EPS. Honeywell International’s revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s payout ratio is currently 59.57%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. increased their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Royal Bank Of Canada lifted their price target on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Evercore increased their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Twelve 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 stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $251.65.

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.