Honeywell International Inc. $HON Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,814,512 shares of the conglomerate’s stock after purchasing an additional 88,723 shares during the period. Legal & General Group Plc owned about 0.60% of Honeywell International worth $802,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Laurel Wealth Advisors LLC raised its holdings in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after acquiring an additional 3,700,786 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Honeywell International by 171.8% in the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after purchasing an additional 509,456 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $89,968,000. Holocene Advisors LP acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $93,152,000. Finally, SG Americas Securities LLC raised its holdings in shares of Honeywell International by 357.2% in the 2nd quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after purchasing an additional 382,152 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Monday, January 5th. Barclays upped their price objective on Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Citigroup raised their target price on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Argus upped their price target on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Daiwa Securities Group increased their price target on shares of Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.22.

Honeywell International Trading Up 1.0%

NASDAQ:HON opened at $237.59 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The stock’s 50 day moving average price is $226.47 and its 200 day moving average price is $211.85. The company has a market capitalization of $151.03 billion, a PE ratio of 29.74, a P/E/G ratio of 3.41 and a beta of 0.92.

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

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.19 dividend. 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 payout ratio is currently 59.57%.

Insider Activity

In related news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares of the company’s stock, 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. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last quarter. Insiders own 0.41% of the company’s stock.

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.