Aster Capital Management DIFC Ltd Reduces Stock Holdings in Honeywell International Inc. $HON

Aster Capital Management DIFC Ltd lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,844 shares of the conglomerate’s stock after selling 5,834 shares during the quarter. Honeywell International comprises approximately 0.6% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 29th largest position. Aster Capital Management DIFC Ltd’s holdings in Honeywell International were worth $1,230,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HON. Laurel Wealth Advisors LLC raised its position in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares during the period. Bank of Nova Scotia increased its position in shares of Honeywell International by 171.8% during the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after purchasing an additional 509,456 shares during the last quarter. Primecap Management Co. CA purchased a new stake in Honeywell International in the 3rd quarter valued at about $89,968,000. Holocene Advisors LP acquired a new position in Honeywell International in the second quarter valued at about $93,152,000. Finally, SG Americas Securities LLC lifted its position in Honeywell International by 357.2% in the second quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock valued at $64,079,000 after buying an additional 382,152 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction that occurred on 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 directly owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 over the last ninety days. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Down 0.5%

Shares of NASDAQ:HON opened at $240.88 on Friday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $246.00. The firm’s 50 day moving average price is $220.19 and its 200 day moving average price is $210.73. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The stock has a market cap of $153.12 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last announced 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. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the firm posted $2.47 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

Analyst Ratings Changes

Several equities analysts have recently commented on HON shares. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Rothschild & Co Redburn upped their price target on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. BNP Paribas Exane raised their price target on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Daiwa Securities Group lifted their price objective on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Finally, Barclays increased their target price on Honeywell International from $250.00 to $259.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $247.50.

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.