Azimuth Capital Management LLC Increases Position in Honeywell International Inc. (NYSE:HON)


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Azimuth Capital Management LLC lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,353 shares of the conglomerate’s stock after acquiring an additional 220 shares during the quarter. Azimuth Capital Management LLC’s holdings in Honeywell International were worth $4,542,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. State Street Corp increased its position in shares of Honeywell International by 18.6% during the third quarter. State Street Corp now owns 35,033,843 shares of the conglomerate’s stock worth $5,766,921,000 after acquiring an additional 5,484,767 shares during the last quarter. BlackRock Inc. increased its position in shares of Honeywell International by 4.8% during the fourth quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock worth $9,111,162,000 after acquiring an additional 1,948,217 shares during the last quarter. Morgan Stanley increased its position in shares of Honeywell International by 10.8% during the third quarter. Morgan Stanley now owns 11,348,328 shares of the conglomerate’s stock worth $1,868,049,000 after acquiring an additional 1,104,581 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Honeywell International by 7,187.3% during the fourth quarter. Bessemer Group Inc. now owns 782,223 shares of the conglomerate’s stock worth $166,378,000 after acquiring an additional 771,489 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Honeywell International by 138.6% during the fourth quarter. First Trust Advisors LP now owns 1,287,575 shares of the conglomerate’s stock worth $273,867,000 after acquiring an additional 747,974 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on HON. Argus lifted their target price on Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. Credit Suisse Group lowered their price objective on Honeywell International from $230.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, February 1st. Barclays boosted their price objective on Honeywell International from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, November 30th. Jefferies Financial Group lowered Honeywell International from a “buy” rating to a “hold” rating and boosted their price objective for the company from $190.00 to $210.00 in a report on Wednesday, November 18th. They noted that the move was a valuation call. Finally, Bank of America boosted their price objective on Honeywell International from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $193.33.

Shares of NYSE HON traded down $0.06 during midday trading on Tuesday, hitting $203.56. 79,535 shares of the company’s stock were exchanged, compared to its average volume of 2,683,871. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.37. The stock’s 50 day moving average price is $204.06 and its 200-day moving average price is $187.85. The firm has a market cap of $141.58 billion, a P/E ratio of 29.21, a PEG ratio of 3.41 and a beta of 1.13. Honeywell International Inc. has a twelve month low of $101.08 and a twelve month high of $216.70.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.07. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.39 billion. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 earnings per share. On average, analysts expect that Honeywell International Inc. will post 7.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 12th. Stockholders of record on Friday, February 26th will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.83%. Honeywell International’s dividend payout ratio is presently 45.59%.

In other Honeywell International news, major shareholder Honeywell International Inc acquired 15,000 shares of Honeywell International stock in a transaction dated Thursday, December 17th. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now owns 2,892,116 shares in the company, valued at approximately $12,146,887.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.

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

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