Intercontinental Wealth Advisors LLC Invests $267,000 in Honeywell International Inc. (HON) Stock

Intercontinental Wealth Advisors LLC acquired a new position in Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,000 shares of the conglomerate’s stock, valued at approximately $267,000.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in Honeywell International by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after buying an additional 11,091 shares during the period. Edgestream Partners L.P. increased its holdings in Honeywell International by 331.4% in the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after buying an additional 10,413 shares during the period. Acadian Asset Management LLC increased its holdings in Honeywell International by 80.2% in the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after buying an additional 14,816 shares during the period. Buckingham Capital Management Inc. increased its holdings in Honeywell International by 3.1% in the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after buying an additional 766 shares during the period. Finally, YHB Investment Advisors Inc. increased its holdings in Honeywell International by 30.7% in the 2nd quarter. YHB Investment Advisors Inc. now owns 25,186 shares of the conglomerate’s stock valued at $3,357,000 after buying an additional 5,913 shares during the period. Institutional investors and hedge funds own 76.24% of the company’s stock.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the transaction, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders sold a total of 20,242 shares of company stock worth $2,889,943 in the last 90 days. Corporate insiders own 1.56% of the company’s stock.

Several equities analysts have commented on HON shares. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada lifted their price target on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. lifted their price target on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price target (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $150.79.

Honeywell International Inc. (NYSE:HON) opened at $147.32 on Wednesday. The stock has a market cap of $111,774.63, a P/E ratio of 21.11, a PEG ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 1 year low of $111.78 and a 1 year high of $147.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. equities research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 40.30%.

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Honeywell International Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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