Dover Advisors LLC Purchases 2,330 Shares of Honeywell International Inc. $HON

Dover Advisors LLC raised its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 17.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,785 shares of the conglomerate’s stock after acquiring an additional 2,330 shares during the quarter. Honeywell International makes up about 1.3% of Dover Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Dover Advisors LLC’s holdings in Honeywell International were worth $3,323,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC lifted its stake in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Bank of Nova Scotia raised its stake in Honeywell International by 171.8% in the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock valued at $187,713,000 after buying an additional 509,456 shares during the period. Holocene Advisors LP acquired a new stake in shares of Honeywell International in the second quarter valued at approximately $93,152,000. SG Americas Securities LLC lifted its position in shares of Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after buying an additional 382,152 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Honeywell International by 88.1% during the 2nd quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock worth $186,784,000 after acquiring an additional 375,757 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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Honeywell International Stock Performance

NASDAQ HON opened at $243.97 on Friday. The firm has a 50-day moving average price of $216.67 and a two-hundred day moving average price of $209.98. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $245.63. The company has a market capitalization of $155.09 billion, a P/E ratio of 30.53, a P/E/G ratio of 3.53 and a beta of 0.94. The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 earnings per share. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Insiders Place Their Bets

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert D. Mailloux sold 10,549 shares of the 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 sale, the vice president owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,190 shares of company stock worth $4,244,287 in the last 90 days. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America restated an “underperform” rating and issued a $205.00 price target (down previously from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Argus increased their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday. BNP Paribas Exane lifted their target price on shares of Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a report on Friday, January 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $246.32.

Read Our Latest Stock Report on Honeywell International

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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