Cinctive Capital Management LP Buys New Stake in Honeywell International Inc. $HON

Cinctive Capital Management LP bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,575 shares of the conglomerate’s stock, valued at approximately $4,963,000.

Several other hedge funds also recently bought and sold shares of HON. Nova R Wealth Inc. raised its holdings in shares of Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 47 shares during the last quarter. Willow Creek Wealth Management Inc. boosted its stake in shares of Honeywell International by 2.2% during the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after acquiring an additional 50 shares during the last quarter. VSM Wealth Advisory LLC increased its position in Honeywell International by 4.5% during the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock worth $242,000 after purchasing an additional 50 shares in the last quarter. Mather Group LLC. increased its position in Honeywell International by 0.6% during the 3rd quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after purchasing an additional 51 shares in the last quarter. Finally, Arrow Financial Corp raised its stake in Honeywell International by 0.5% in the 3rd quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock valued at $2,201,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HON. Wells Fargo & Company upped their target price on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Citigroup boosted their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Morgan Stanley upped their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Argus lifted their target price on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Twelve equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.65.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock valued at $4,244,287 in the last three months. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $234.50 on Monday. The firm has a market capitalization of $149.07 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The business’s 50-day simple moving average is $229.78 and its 200-day simple moving average is $212.27.

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 analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the previous year, the business earned $2.47 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is presently 59.57%.

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.