National Bank of Canada FI Acquires 53,281 Shares of Honeywell International Inc. $HON

National Bank of Canada FI lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,190,152 shares of the conglomerate’s stock after purchasing an additional 53,281 shares during the quarter. Honeywell International accounts for approximately 0.7% of National Bank of Canada FI’s portfolio, making the stock its 22nd largest position. National Bank of Canada FI owned about 0.50% of Honeywell International worth $671,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its position in Honeywell International by 12.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 92,298 shares of the conglomerate’s stock valued at $19,429,000 after purchasing an additional 10,010 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Honeywell International by 14.3% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 11,812 shares of the conglomerate’s stock worth $2,343,000 after buying an additional 1,482 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Honeywell International by 2.2% in the 3rd quarter. Larson Financial Group LLC now owns 4,922 shares of the conglomerate’s stock worth $1,036,000 after buying an additional 104 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Honeywell International by 3.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,977 shares of the conglomerate’s stock valued at $4,416,000 after buying an additional 795 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at $31,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction 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 completion of the sale, 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. In the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Up 0.0%

NASDAQ HON opened at $234.51 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. The stock has a market capitalization of $149.07 billion, a PE ratio of 29.35, a PEG ratio of 3.39 and a beta of 0.92. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The business’s 50-day moving average is $230.45 and its 200 day moving average is $212.37.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the prior year, the company posted $2.47 EPS. Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HON. Vertical Research lowered 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 report on Monday, January 5th. Jefferies Financial Group raised their price target on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Mizuho cut their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Citigroup increased their price objective on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Twelve investment 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.65.

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.