Chesapeake Wealth Management Purchases Shares of 6,485 Honeywell (HON)

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Chesapeake Wealth Management purchased a new position in shares of Honeywell (NYSE:HON) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,485 shares of the conglomerate’s stock, valued at approximately $938,000.

Several other large investors also recently bought and sold shares of HON. Field & Main Bank acquired a new stake in Honeywell in the 4th quarter valued at about $574,000. Boston Advisors LLC grew its stake in Honeywell by 129.5% in the 4th quarter. Boston Advisors LLC now owns 8,954 shares of the conglomerate’s stock valued at $1,373,000 after acquiring an additional 5,053 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in Honeywell by 1.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 380,596 shares of the conglomerate’s stock valued at $58,369,000 after acquiring an additional 5,039 shares during the last quarter. APG Asset Management N.V. grew its stake in Honeywell by 69.6% in the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after acquiring an additional 1,373,600 shares during the last quarter. Finally, Vantage Investment Advisors LLC grew its stake in Honeywell by 2.1% in the 4th quarter. Vantage Investment Advisors LLC now owns 63,123 shares of the conglomerate’s stock valued at $9,681,000 after acquiring an additional 1,297 shares during the last quarter. 74.24% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a research note on Monday, May 21st. Oppenheimer lowered their price objective on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, April 30th. Barclays increased their price objective on shares of Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Monday, April 23rd. Stifel Nicolaus increased their price objective on shares of Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, April 23rd. Finally, TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a research note on Friday, April 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $169.21.

In other news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.59, for a total transaction of $515,921.34. Following the transaction, the director now directly owns 43,773 shares in the company, valued at approximately $6,591,776.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy O. Mahoney sold 114,489 shares of the stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the transaction, the insider now owns 314,725 shares in the company, valued at $47,271,695. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Honeywell opened at $144.00 on Friday, Marketbeat.com reports. Honeywell has a 12-month low of $131.42 and a 12-month high of $165.13. The stock has a market cap of $107.54 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.36.

Honeywell (NYSE:HON) last released its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.06. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $10.03 billion. During the same period last year, the company earned $1.71 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts expect that Honeywell will post 8.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 18th were issued a dividend of $0.745 per share. The ex-dividend date was Thursday, May 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.07%. Honeywell’s payout ratio is currently 41.91%.

About Honeywell

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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