Swiss Life Asset Management Ltd Purchases 5,581 Shares of Honeywell International Inc. $HON

Swiss Life Asset Management Ltd increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.6% during the third quarter, HoldingsChannel.com reports. The firm owned 89,766 shares of the conglomerate’s stock after buying an additional 5,581 shares during the period. Swiss Life Asset Management Ltd’s holdings in Honeywell International were worth $18,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC increased its holdings in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the period. JPL Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter worth about $31,000. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International during the 2nd quarter valued at about $33,000. Cedar Mountain Advisors LLC increased its stake in Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Finally, Strive Asset Management LLC bought a new stake in Honeywell International in the third quarter valued at about $33,000. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 31,081 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was 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 $1,099,887. This represents a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research note on Monday, January 5th. DZ Bank dropped their target price on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Wall Street Zen upgraded Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. BNP Paribas Exane upped their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Honeywell International Price Performance

Shares of HON opened at $229.02 on Friday. The company has a 50 day moving average of $232.06 and a 200-day moving average of $212.69. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The stock has a market capitalization of $145.58 billion, a P/E ratio of 28.66, a P/E/G ratio of 3.33 and a beta of 0.92. 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 (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share 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 firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s dividend payout ratio is 59.57%.

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.