Union Bancaire Privee UBP SA Raises Holdings in Honeywell International Inc. $HON

Union Bancaire Privee UBP SA increased its position in Honeywell International Inc. (NASDAQ:HON) by 101.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 134,883 shares of the conglomerate’s stock after purchasing an additional 67,998 shares during the period. Union Bancaire Privee UBP SA’s holdings in Honeywell International were worth $26,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Howard Hughes Medical Institute purchased a new stake in Honeywell International in the second quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC raised its position 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 purchasing an additional 118 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter worth $31,000. 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 purchasing an additional 84 shares during the period. Finally, Strive Asset Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $33,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The stock was 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 directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the business’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 sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $229.02 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 stock has a 50 day simple moving average of $232.06 and a 200-day simple moving average of $212.69. The company has a market cap of $145.58 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 3.33 and a beta of 0.92. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS 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 issued a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Rothschild & Co Redburn upped their price objective on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Wolfe Research raised Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective for the company in a research report on Friday, February 27th. Barclays boosted their target price on Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Evercore upped their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.