SG Americas Securities LLC Buys 4,031,879 Shares of Honeywell International Inc. $HON

SG Americas Securities LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 15,459.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,057,960 shares of the conglomerate’s stock after buying an additional 4,031,879 shares during the period. Honeywell International comprises about 1.0% of SG Americas Securities LLC’s holdings, making the stock its 13th biggest position. SG Americas Securities LLC owned about 0.64% of Honeywell International worth $791,667,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Park Place Capital Corp boosted its stake in Honeywell International by 5.5% in the fourth quarter. Park Place Capital Corp now owns 5,681 shares of the conglomerate’s stock valued at $1,108,000 after acquiring an additional 298 shares during the last quarter. 180 Wealth Advisors LLC increased its stake in shares of Honeywell International by 34.8% during the 4th quarter. 180 Wealth Advisors LLC now owns 2,411 shares of the conglomerate’s stock worth $470,000 after purchasing an additional 623 shares during the last quarter. Tompkins Financial Corp raised its holdings in shares of Honeywell International by 4.3% in the 4th quarter. Tompkins Financial Corp now owns 52,115 shares of the conglomerate’s stock worth $10,167,000 after purchasing an additional 2,153 shares during the period. Norway Savings Bank raised its holdings in shares of Honeywell International by 4.3% in the 4th quarter. Norway Savings Bank now owns 10,270 shares of the conglomerate’s stock worth $2,004,000 after purchasing an additional 420 shares during the period. Finally, Fulton Bank N.A. lifted its stake in Honeywell International by 9.4% in the fourth quarter. Fulton Bank N.A. now owns 17,038 shares of the conglomerate’s stock valued at $3,324,000 after purchasing an additional 1,461 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated 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 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 through this link. Also, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 in the last ninety days. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.7%

Shares of HON stock opened at $223.01 on Tuesday. The stock has a market capitalization of $141.76 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.20 and a beta of 0.92. The company’s fifty day simple moving average is $232.63 and its two-hundred day simple moving average is $212.71. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. 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 (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $2.47 earnings per share. As a group, analysts anticipate 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 was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a report on Friday, January 16th. DZ Bank dropped their price target on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Rothschild & Co Redburn increased their price target on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Wall Street Zen raised Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Finally, Citigroup boosted their price objective on Honeywell International from $262.00 to $265.00 and gave the company a “buy” 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 assigned a Sell rating to the company. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $251.65.

About Honeywell International

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.