Banco Bilbao Vizcaya Argentaria S.A. Buys 5,530 Shares of Honeywell International Inc. $HON

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 38.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,033 shares of the conglomerate’s stock after buying an additional 5,530 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Honeywell International were worth $4,214,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. Royal Bank Of Canada upped their price target on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a research note on Monday, January 5th. Bank of America restated an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Mizuho reduced their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Sanford C. Bernstein set a $255.00 price target on Honeywell International in a research note on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.65.

Honeywell International Price Performance

Shares of HON stock opened at $234.51 on Tuesday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $230.45 and a two-hundred day simple moving average of $212.37. The stock has a market capitalization of $149.07 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92.

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

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.19 dividend. 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%.

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.