Balentine LLC Takes $472,000 Position in Honeywell International Inc. $HON

Balentine LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,242 shares of the conglomerate’s stock, valued at approximately $472,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Honeywell International in the 2nd quarter worth about $33,000. Cedar Mountain Advisors LLC boosted its position in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.6%

HON stock opened at $241.38 on Tuesday. The company has a market cap of $153.25 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.50 and a beta of 0.94. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $245.63. The firm has a 50-day moving average of $212.69 and a two-hundred day moving average of $209.29.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the firm posted $2.47 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business 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 of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Monday, January 5th. HSBC decreased their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Evercore raised their price target on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, BNP Paribas Exane boosted their price objective on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $244.50.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

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.