Crestwood Advisors Group LLC Has $53.07 Million Stock Holdings in Honeywell International Inc. $HON

Crestwood Advisors Group LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,093 shares of the conglomerate’s stock after selling 63,137 shares during the period. Crestwood Advisors Group LLC’s holdings in Honeywell International were worth $53,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Barnes Dennig Private Wealth Management LLC grew its position in 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 during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International during the second quarter worth approximately $33,000. Cedar Mountain Advisors LLC lifted its stake in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the period. SJS Investment Consulting Inc. lifted its stake 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 buying an additional 150 shares during the period. Finally, Cloud Capital Management LLC bought a new position in Honeywell International during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of several analyst reports. Morgan Stanley cut their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. DZ Bank dropped their price objective on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Rothschild & Co Redburn increased their price target on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Eleven 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. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $244.50.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $241.38 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. The firm has a market cap of $153.25 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The stock’s 50-day moving average is $212.69 and its 200-day moving average is $209.29. Honeywell International Inc. has a one year low of $169.21 and a one year high of $245.63.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.Honeywell International’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

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.