Winthrop Partners WNY LLC Acquires New Holdings in Honeywell (HON)

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Winthrop Partners WNY LLC acquired a new position in Honeywell (NYSE:HON) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,040 shares of the conglomerate’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Summit Trail Advisors LLC grew its holdings in shares of Honeywell by 13,390.2% during the first quarter. Summit Trail Advisors LLC now owns 4,022,630 shares of the conglomerate’s stock valued at $4,023,000 after buying an additional 3,992,811 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Honeywell by 5.8% during the fourth quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock valued at $7,296,103,000 after buying an additional 2,627,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Honeywell by 110.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,530,951 shares of the conglomerate’s stock valued at $234,785,000 after buying an additional 802,574 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Honeywell by 322.1% during the first quarter. Point72 Asset Management L.P. now owns 919,922 shares of the conglomerate’s stock valued at $132,938,000 after buying an additional 701,968 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Honeywell by 695.7% during the first quarter. Millennium Management LLC now owns 775,821 shares of the conglomerate’s stock valued at $112,114,000 after buying an additional 678,323 shares during the last quarter. Institutional investors and hedge funds own 74.24% of the company’s stock.

Shares of Honeywell stock opened at $144.00 on Monday. The company has a market cap of $107.56 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.93 and a beta of 0.97. Honeywell has a twelve month low of $131.42 and a twelve month high of $165.13. 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 issued its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.06. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 earnings per share. research analysts anticipate that Honeywell will post 8.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were given a $0.745 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 annualized dividend and a yield of 2.07%. Honeywell’s payout ratio is presently 41.91%.

In other Honeywell news, insider Timothy O. Mahoney sold 114,489 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $150.20, for a total value of $17,196,247.80. Following the transaction, the insider now directly owns 314,725 shares in the company, valued at $47,271,695. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 3,426 shares of the stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $150.59, for a total transaction of $515,921.34. Following the completion of the transaction, the director now owns 43,773 shares in the company, valued at $6,591,776.07. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

HON has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Honeywell from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Monday, March 19th. ValuEngine cut shares of Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. TheStreet upgraded shares of Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Barclays increased their price target on shares of Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, April 23rd. Finally, Stifel Nicolaus increased their price target on shares of Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 23rd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell has a consensus rating of “Buy” and a consensus price target of $169.21.

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.

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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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