Successful Portfolios LLC Raises Position in Honeywell International Inc. (NYSE:HON)

Successful Portfolios LLC raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 8,512 shares of the conglomerate’s stock after buying an additional 97 shares during the quarter. Honeywell International comprises 1.4% of Successful Portfolios LLC’s holdings, making the stock its 15th largest position. Successful Portfolios LLC’s holdings in Honeywell International were worth $1,440,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Nuveen Asset Management LLC grew its stake in Honeywell International by 10,615.4% in the second quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock worth $1,580,640,000 after purchasing an additional 8,968,947 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in Honeywell International by 18,092.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after purchasing an additional 2,539,617 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Honeywell International by 3.7% in the 2nd quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after buying an additional 1,623,768 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Honeywell International by 131.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after buying an additional 1,610,006 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Honeywell International by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after buying an additional 544,684 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

HON has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Barclays boosted their price target on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Jefferies Financial Group boosted their price target on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Credit Suisse Group boosted their price target on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Honeywell International has an average rating of “Buy” and an average target price of $184.09.

HON stock traded up $2.56 on Friday, hitting $163.53. 1,982,310 shares of the company’s stock were exchanged, compared to its average volume of 2,783,398. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47. The firm has a 50 day moving average price of $165.05 and a two-hundred day moving average price of $168.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The stock has a market cap of $114.13 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same period in the previous year, the business earned $2.12 EPS. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 8.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.20%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. Honeywell International’s payout ratio is 40.95%.

In related news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the transaction, the chief executive officer now directly owns 28,920 shares in the company, valued at approximately $4,739,409.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total value of $1,180,156.92. Following the sale, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is owned by company insiders.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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