Parallel Advisors LLC Boosts Position in Honeywell International Inc. $HON

Parallel Advisors LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,820 shares of the conglomerate’s stock after acquiring an additional 5,463 shares during the quarter. Parallel Advisors LLC’s holdings in Honeywell International were worth $11,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Lockheed Martin Investment Management Co. purchased a new stake in Honeywell International in the third quarter valued at $4,147,000. First National Trust Co grew its holdings in shares of Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after purchasing an additional 6,803 shares during the period. Managed Asset Portfolios LLC increased its position in shares of Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Honeywell International by 72.5% during the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Honeywell International in the 2nd quarter valued at about $1,943,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

NASDAQ HON opened at $235.29 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The company has a market cap of $149.57 billion, a P/E ratio of 29.45, a P/E/G ratio of 3.41 and a beta of 0.92. The stock has a 50-day moving average of $225.66 and a two-hundred day moving average of $211.74. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. TD Cowen dropped their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of Honeywell International from $240.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the 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 sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction 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 transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

About Honeywell International

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.