Banco Bilbao Vizcaya Argentaria S.A. Grows Holdings in Honeywell International Inc. $HON

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 38.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,033 shares of the conglomerate’s stock after acquiring an additional 5,530 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Honeywell International were worth $4,214,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HON. First National Trust Co boosted its stake in shares of Honeywell International by 9.4% in the third quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after acquiring an additional 6,803 shares during the period. Lockheed Martin Investment Management Co. bought a new stake in Honeywell International during the 3rd quarter valued at approximately $4,147,000. Managed Asset Portfolios LLC lifted its holdings in Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after purchasing an additional 2,154 shares in the last quarter. Federated Hermes Inc. boosted its stake in Honeywell International by 72.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 4,061 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Honeywell International in the 2nd quarter worth approximately $1,943,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Mizuho cut their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Monday, January 5th. Finally, Daiwa Securities Group boosted their price target on shares of Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $251.65.

Insider Transactions at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the business’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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s 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 sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.0%

Shares of HON opened at $234.51 on Tuesday. 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 stock has a market capitalization of $149.07 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth 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 business’s 50 day simple moving average is $230.45 and its 200-day simple moving average is $212.37.

Honeywell International (NASDAQ:HON) last posted its 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. 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 during the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the firm posted $2.47 earnings per share. Honeywell International’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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