Northeast Investment Management Reduces Position in Honeywell International Inc. $HON

Northeast Investment Management decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,983 shares of the conglomerate’s stock after selling 9,935 shares during the period. Northeast Investment Management’s holdings in Honeywell International were worth $23,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lockheed Martin Investment Management Co. purchased a new position in shares of Honeywell International during the 3rd quarter worth $4,147,000. First National Trust Co grew its holdings 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 valued at $16,648,000 after purchasing an additional 6,803 shares during the period. Triton Financial Group Inc acquired a new stake in Honeywell International during the second quarter worth about $1,001,000. Managed Asset Portfolios LLC raised its stake in Honeywell International by 2.3% during the second 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 during the period. Finally, Federated Hermes Inc. boosted its holdings in Honeywell International by 72.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after purchasing an additional 4,061 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.5%

Shares of NASDAQ:HON opened at $242.65 on Wednesday. The firm has a market capitalization of $154.06 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. 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. The firm’s 50-day moving average is $213.74 and its two-hundred day moving average is $209.46.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 40.40%. The firm 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 posted $2.47 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is currently 59.57%.

Insider Activity

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 stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HON shares. Barclays raised their price target on shares of Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a research note on Friday, January 16th. Vertical Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Monday, January 5th. TD Cowen lowered their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, HSBC reduced their price objective on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Eleven 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.50.

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.