Honeywell International Inc. $HON Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 27.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,020,606 shares of the conglomerate’s stock after selling 386,133 shares during the period. Bank of Montreal Can owned about 0.16% of Honeywell International worth $214,838,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.3%

HON opened at $240.61 on Wednesday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18. The business has a 50-day moving average of $227.36 and a two-hundred day moving average of $211.97. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a market capitalization of $152.95 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same period last year, the company earned $2.47 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share 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 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 payout ratio is currently 59.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho cut their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Evercore lifted their price target on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Wolfe Research raised shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective on the stock in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.22.

Honeywell International Company 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.