GUNN & Co INVESTMENT MANAGEMENT INC. Takes Position in Honeywell International Inc. (NASDAQ:HON)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,548 shares of the conglomerate’s stock, valued at approximately $325,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Concord Wealth Partners grew its stake in Honeywell International by 25.1% during the third quarter. Concord Wealth Partners now owns 1,576 shares of the conglomerate’s stock valued at $291,000 after acquiring an additional 316 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Honeywell International by 2.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,698 shares of the conglomerate’s stock worth $22,113,000 after purchasing an additional 2,900 shares during the last quarter. Chatham Capital Group Inc. lifted its position in shares of Honeywell International by 38.3% in the third quarter. Chatham Capital Group Inc. now owns 12,105 shares of the conglomerate’s stock worth $2,236,000 after buying an additional 3,355 shares in the last quarter. Calamos Wealth Management LLC boosted its stake in Honeywell International by 21.8% during the third quarter. Calamos Wealth Management LLC now owns 51,756 shares of the conglomerate’s stock valued at $9,561,000 after buying an additional 9,252 shares during the last quarter. Finally, Sky Investment Group LLC grew its holdings in Honeywell International by 2.0% during the 3rd quarter. Sky Investment Group LLC now owns 21,297 shares of the conglomerate’s stock valued at $3,934,000 after buying an additional 424 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $215.71.

Honeywell International Stock Up 1.1 %

Shares of NASDAQ:HON opened at $195.81 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The business has a 50 day simple moving average of $197.66 and a two-hundred day simple moving average of $196.74. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The firm has a market capitalization of $127.51 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.07 EPS. On average, equities analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.21%. Honeywell International’s payout ratio is currently 50.06%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.