Verde Servicos Internacionais S.A. Invests $4.67 Million in Honeywell (HON)

Verde Servicos Internacionais S.A. bought a new position in shares of Honeywell (NYSE:HON) in the second quarter, Holdings Channel reports. The institutional investor bought 32,427 shares of the conglomerate’s stock, valued at approximately $4,671,000. Honeywell comprises about 1.1% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 27th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. SVA Plumb Wealth Management LLC increased its holdings in Honeywell by 1.0% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 33,844 shares of the conglomerate’s stock valued at $5,190,000 after purchasing an additional 342 shares during the last quarter. Brave Asset Management Inc. increased its holdings in Honeywell by 3.6% in the fourth quarter. Brave Asset Management Inc. now owns 10,202 shares of the conglomerate’s stock valued at $1,565,000 after purchasing an additional 350 shares during the last quarter. Nicollet Investment Management Inc. increased its holdings in Honeywell by 1.7% in the first quarter. Nicollet Investment Management Inc. now owns 21,615 shares of the conglomerate’s stock valued at $3,124,000 after purchasing an additional 355 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in Honeywell by 1.4% in the first quarter. Buckingham Capital Management Inc. now owns 25,679 shares of the conglomerate’s stock valued at $3,711,000 after purchasing an additional 355 shares during the last quarter. Finally, CapWealth Advisors LLC increased its holdings in Honeywell by 0.7% in the fourth quarter. CapWealth Advisors LLC now owns 48,920 shares of the conglomerate’s stock valued at $7,502,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 74.43% of the company’s stock.

Honeywell traded up $0.17, reaching $145.11, on Thursday, MarketBeat reports. The company’s stock had a trading volume of 125,356 shares, compared to its average volume of 2,521,868. Honeywell has a 1-year low of $133.20 and a 1-year high of $165.13. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The stock has a market cap of $108.26 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.93 and a beta of 0.98.

Honeywell (NYSE:HON) last posted its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The firm had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $10.03 billion. During the same period in the previous year, the firm earned $1.71 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. sell-side analysts forecast that Honeywell will post 8.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 18th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.05%. Honeywell’s dividend payout ratio is currently 41.91%.

A number of research firms recently commented on HON. Zacks Investment Research downgraded Honeywell from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Stifel Nicolaus upped their price objective on Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 23rd. Barclays upped their price objective on Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, April 23rd. TheStreet upgraded Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Finally, Oppenheimer dropped their price objective on Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, April 30th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $169.27.

In other news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $150.59, for a total transaction of $515,921.34. Following the completion of the transaction, the director now directly owns 43,773 shares of the company’s stock, valued at $6,591,776.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 114,489 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $150.20, for a total value of $17,196,247.80. Following the transaction, the insider now directly owns 314,725 shares of the company’s stock, valued at $47,271,695. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Honeywell Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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