Honeywell International Inc. $HON Shares Purchased by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,115,954 shares of the conglomerate’s stock after acquiring an additional 605,600 shares during the period. Invesco Ltd.’s holdings in Honeywell International were worth $1,287,408,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HON. First National Trust Co increased its stake in Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after buying an additional 6,803 shares during the period. Lockheed Martin Investment Management Co. acquired a new stake in shares of Honeywell International in the 3rd quarter worth approximately $4,147,000. Managed Asset Portfolios LLC boosted its holdings in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after acquiring an additional 2,154 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after acquiring an additional 4,061 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Honeywell International during the second quarter valued at approximately $1,943,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 2.5%

Honeywell International stock opened at $233.40 on Friday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. 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 firm has a market cap of $148.37 billion, a PE ratio of 29.21, a P/E/G ratio of 3.47 and a beta of 0.92. The firm’s 50 day moving average price is $229.01 and its two-hundred day moving average price is $212.31.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the business posted $2.47 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on HON. The Goldman Sachs Group upped their target price on Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. DZ Bank lowered their price target on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Argus boosted their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Monday, January 5th. Finally, Rothschild & Co Redburn raised their target price on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Transactions at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International 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 directly owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock worth $4,244,287 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.