Capital Research Global Investors Increases Holdings in Honeywell International Inc. $HON

Capital Research Global Investors grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,046,957 shares of the conglomerate’s stock after buying an additional 55,681 shares during the quarter. Capital Research Global Investors’ holdings in Honeywell International were worth $851,880,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in Honeywell International by 2.4% in the third quarter. Legal & General Group Plc now owns 3,814,512 shares of the conglomerate’s stock valued at $802,957,000 after acquiring an additional 88,723 shares in the last quarter. Sandhill Capital Partners LLC raised its holdings in Honeywell International by 62.8% in the 3rd quarter. Sandhill Capital Partners LLC now owns 2,290 shares of the conglomerate’s stock worth $482,000 after purchasing an additional 883 shares in the last quarter. LGT Fund Management Co Ltd. lifted its position in shares of Honeywell International by 34.1% in the 3rd quarter. LGT Fund Management Co Ltd. now owns 11,623 shares of the conglomerate’s stock worth $2,443,000 after purchasing an additional 2,954 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Honeywell International by 29.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 511,822 shares of the conglomerate’s stock valued at $107,730,000 after purchasing an additional 115,318 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in shares of Honeywell International during the third quarter valued at about $1,266,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research report on Friday, January 16th. Wolfe Research raised Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target on the stock in a research note on Friday, February 27th. BNP Paribas Exane raised their price objective on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Barclays boosted their target price on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Bank of America reissued an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $240.61 on Wednesday. The firm has a market cap of $152.95 billion, a P/E ratio of 30.11, a PEG ratio of 3.44 and a beta of 0.92. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The company has a 50 day moving average of $227.36 and a 200 day moving average of $211.97.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating 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 business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the business posted $2.47 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 given a $1.19 dividend. The ex-dividend date of this dividend 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 59.57%.

Insider Buying and Selling

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was 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 in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.41% of the stock is owned by insiders.

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.