Crossmark Global Holdings Inc. Increases Stock Position in Honeywell International Inc. $HON

Crossmark Global Holdings Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 23.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,672 shares of the conglomerate’s stock after purchasing an additional 8,229 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Honeywell International were worth $8,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Brighton Jones LLC lifted its holdings in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after acquiring an additional 1,582 shares during the last quarter. Acadian Asset Management LLC increased its stake in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the last quarter. Valtinson Bruner Financial Planning LLC raised its position in Honeywell International by 2.1% during the second quarter. Valtinson Bruner Financial Planning LLC now owns 7,188 shares of the conglomerate’s stock valued at $1,674,000 after purchasing an additional 147 shares in the last quarter. Finally, Mcrae Capital Management Inc. raised its position in Honeywell International by 1.4% during the second quarter. Mcrae Capital Management Inc. now owns 10,398 shares of the conglomerate’s stock valued at $2,422,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HON. Jefferies Financial Group upped their price objective on Honeywell International from $240.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday. Evercore raised their price objective on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Barclays boosted their target price on Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday. HSBC cut their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a research note on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Honeywell International Stock Performance

Shares of HON stock opened at $235.29 on Friday. The company has a market capitalization of $149.57 billion, a P/E ratio of 29.45, a PEG ratio of 3.45 and a beta of 0.92. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week 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 stock has a 50 day moving average price of $225.66 and a two-hundred day moving average price of $211.78.

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, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the business earned $2.47 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Insiders Place Their Bets

In other news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the firm’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 sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.20% of the company’s stock.

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.