Advisors Capital Management LLC Buys 9,514 Shares of Honeywell International Inc. $HON

Advisors Capital Management LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 326,311 shares of the conglomerate’s stock after buying an additional 9,514 shares during the quarter. Advisors Capital Management LLC owned about 0.05% of Honeywell International worth $68,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Howard Hughes Medical Institute acquired a new stake in Honeywell International during the 2nd quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new stake in shares of Honeywell International in the third quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of recent research reports. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Wells Fargo & Company increased 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. Rothschild & Co Redburn lifted their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Honeywell International from $259.00 to $273.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have assigned 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 a consensus price target of $244.50.

Honeywell International Stock Performance

NASDAQ:HON opened at $242.65 on Wednesday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $245.63. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76. The stock’s 50-day simple moving average is $213.74 and its 200 day simple moving average is $209.46. 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 (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 dividend yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

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.