Tocqueville Asset Management L.P. Reduces Holdings in Honeywell International Inc. $HON

Tocqueville Asset Management L.P. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 218,500 shares of the conglomerate’s stock after selling 2,611 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Honeywell International were worth $45,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares during the period. Invesco Ltd. lifted its stake in shares of Honeywell International by 11.0% during the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock valued at $1,287,408,000 after buying an additional 605,600 shares in the last quarter. Capital Research Global Investors boosted its holdings in Honeywell International by 1.4% in the 3rd quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock worth $851,880,000 after buying an additional 55,681 shares during the period. Unisphere Establishment grew its stake in Honeywell International by 8.1% in the 2nd quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after buying an additional 300,000 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Honeywell International by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 3,814,512 shares of the conglomerate’s stock valued at $802,957,000 after buying an additional 88,723 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In other Honeywell International 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 value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. The trade was a 52.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Honeywell International stock traded up $1.83 during midday trading on Friday, hitting $235.23. 563,735 shares of the company’s stock were exchanged, compared to its average volume of 4,425,843. The company has a market cap of $149.53 billion, a P/E ratio of 29.46, a PEG ratio of 3.47 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a 50-day moving average price of $229.01 and a two-hundred day moving average price of $212.31. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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 firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $2.47 EPS. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business 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 dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s payout ratio is presently 59.57%.

Wall Street Analyst Weigh In

HON has been the topic of several recent research reports. Bank of America restated an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Robert W. Baird lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Wolfe Research upgraded Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective on the stock in a research note on Friday, February 27th. Argus increased their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Evercore raised their target price on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

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.