Waycross Partners LLC Has $27.80 Million Position in Honeywell International Inc. $HON

Waycross Partners LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,086 shares of the conglomerate’s stock after purchasing an additional 2,919 shares during the quarter. Honeywell International comprises 2.4% of Waycross Partners LLC’s holdings, making the stock its 17th largest holding. Waycross Partners LLC’s holdings in Honeywell International were worth $27,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Howard Hughes Medical Institute acquired a new stake in Honeywell International in the second quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the period. Cedar Mountain Advisors LLC lifted its holdings 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 worth $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in Honeywell International in the 3rd quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 0.5%

Shares of HON stock opened at $242.65 on Wednesday. The stock has a market capitalization of $154.06 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.50 and a beta of 0.94. The company’s fifty day simple moving average is $213.74 and its two-hundred day simple moving average is $209.46. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $245.63. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS 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 analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $2.47 earnings per share. As a group, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on HON. The Goldman Sachs Group dropped their price target on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Argus increased their price objective on Honeywell International from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Jefferies Financial Group lifted their target price on Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Sanford C. Bernstein set a $255.00 price target on Honeywell International in a report on Friday, January 16th. Finally, Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $244.50.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, 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 completion of the sale, the vice president directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.41% 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.