Russell Investments Group Ltd. Increases Position in Honeywell International Inc. $HON

Russell Investments Group Ltd. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 29.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 511,822 shares of the conglomerate’s stock after purchasing an additional 115,318 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Honeywell International worth $107,730,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Howard Hughes Medical Institute purchased a new position in Honeywell International during the second quarter valued at $33,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $35,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Robert W. Baird increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. DZ Bank reduced their price objective on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Daiwa Securities Group lifted their target price on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Finally, Mizuho dropped their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $251.22.

Insider Activity at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. 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 over the last three months. 0.41% of the stock is owned by corporate insiders.

Honeywell International Trading Up 1.0%

Shares of NASDAQ:HON opened at $237.59 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The company has a market cap of $151.03 billion, a P/E ratio of 29.74, a PEG ratio of 3.41 and a beta of 0.92. The stock’s fifty day moving average price is $226.47 and its 200-day moving average price is $211.85.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 dividend yield of 2.0%. Honeywell International’s payout ratio is currently 59.57%.

Honeywell International 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.