Honeywell International Inc. $HON Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.6% in the third quarter, HoldingsChannel reports. The firm owned 478,221 shares of the conglomerate’s stock after buying an additional 20,918 shares during the quarter. Korea Investment CORP’s holdings in Honeywell International were worth $100,666,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HON. Codex Capital Asset Management L.L.C. boosted its position in Honeywell International by 36.0% in the 3rd quarter. Codex Capital Asset Management L.L.C. now owns 34,000 shares of the conglomerate’s stock valued at $7,157,000 after buying an additional 9,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Honeywell International by 73.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 39,588 shares of the conglomerate’s stock valued at $8,333,000 after purchasing an additional 16,763 shares during the period. Ameriflex Group Inc. boosted its holdings in Honeywell International by 72.1% in the third quarter. Ameriflex Group Inc. now owns 3,096 shares of the conglomerate’s stock valued at $652,000 after purchasing an additional 1,297 shares during the period. Baltimore Washington Financial Advisors Inc. grew its stake in Honeywell International by 4.2% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 1,283 shares of the conglomerate’s stock worth $270,000 after purchasing an additional 52 shares in the last quarter. Finally, Modern Wealth Management LLC raised its position in Honeywell International by 3.3% in the 3rd quarter. Modern Wealth Management LLC now owns 118,958 shares of the conglomerate’s stock valued at $25,041,000 after purchasing an additional 3,778 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HON. HSBC lowered their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Royal Bank Of Canada raised their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $240.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.22.

Insider Activity at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the stock in a transaction 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 sale, the director directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The shares were 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 owned 4,803 shares in the company, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by company insiders.

Honeywell International Price Performance

HON stock opened at $235.29 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $149.57 billion, a P/E ratio of 29.45, a PEG ratio of 3.41 and a beta of 0.92. The business has a 50 day simple moving average of $225.66 and a 200-day simple moving average of $211.74. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON) last released its quarterly 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 net margin of 12.74% and a return on equity of 40.64%. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

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.