CenterBook Partners LP Boosts Stock Position in Honeywell International Inc. $HON

CenterBook Partners LP raised its stake in Honeywell International Inc. (NASDAQ:HON) by 122.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,550 shares of the conglomerate’s stock after purchasing an additional 20,680 shares during the quarter. CenterBook Partners LP’s holdings in Honeywell International were worth $7,904,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Summit Wealth Group LLC boosted its holdings in shares of Honeywell International by 4.3% in the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 46 shares in the last quarter. Nova R Wealth Inc. lifted its position in Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after purchasing an additional 47 shares during the period. Fielder Capital Group LLC boosted its holdings in Honeywell International by 2.1% in the 2nd quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after purchasing an additional 48 shares in the last quarter. Wealth Management Associates Inc. boosted its holdings in Honeywell International by 4.2% in the 2nd quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock valued at $295,000 after purchasing an additional 51 shares in the last quarter. Finally, Hills Bank & Trust Co increased its position in Honeywell International by 0.5% during the 2nd quarter. Hills Bank & Trust Co now owns 10,775 shares of the conglomerate’s stock worth $2,509,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. BNP Paribas Exane raised their target price on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Barclays increased their price target on shares of Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, TD Cowen decreased their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International Stock Performance

NASDAQ:HON opened at $242.65 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $154.06 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The firm has a 50-day moving average price of $213.74 and a two-hundred day moving average price of $209.46. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $245.63.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 annualized dividend and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

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.