Verde Servicos Internacionais S.A. Acquires Shares of 32,427 Honeywell (HON)

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Verde Servicos Internacionais S.A. acquired a new stake in Honeywell (NYSE:HON) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 32,427 shares of the conglomerate’s stock, valued at approximately $4,671,000. Honeywell makes up 1.1% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 27th largest holding.

Other hedge funds also recently modified their holdings of the company. Miles Capital Inc. bought a new position in Honeywell in the 4th quarter worth approximately $209,000. Howland Capital Management LLC bought a new position in Honeywell in the 4th quarter worth approximately $266,000. Parametrica Management Ltd increased its position in Honeywell by 66.2% in the 4th quarter. Parametrica Management Ltd now owns 2,364 shares of the conglomerate’s stock worth $363,000 after buying an additional 942 shares during the period. Iberiabank Corp grew its holdings in shares of Honeywell by 185.0% during the 4th quarter. Iberiabank Corp now owns 24,562 shares of the conglomerate’s stock worth $3,792,000 after purchasing an additional 15,944 shares in the last quarter. Finally, GenWealth Group Inc. grew its holdings in shares of Honeywell by 19.5% during the 4th quarter. GenWealth Group Inc. now owns 2,762 shares of the conglomerate’s stock worth $437,000 after purchasing an additional 450 shares in the last quarter. 74.43% of the stock is currently owned by institutional investors and hedge funds.

HON stock traded up $0.17 during trading on Thursday, hitting $145.11. The company had a trading volume of 125,356 shares, compared to its average volume of 2,521,868. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.11. The firm has a market cap of $108.26 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.93 and a beta of 0.98. Honeywell has a fifty-two week low of $133.20 and a fifty-two week high of $165.13.

Honeywell (NYSE:HON) last announced its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.06. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. Honeywell’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 EPS. research analysts anticipate that Honeywell will post 8.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, May 18th were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, May 17th. Honeywell’s dividend payout ratio is 41.91%.

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

Several analysts have recently weighed in on the company. Wolfe Research assumed coverage on Honeywell in a report on Wednesday, June 27th. They set an “outperform” rating and a $170.00 price objective on the stock. Zacks Investment Research raised Honeywell from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a report on Monday, May 21st. Oppenheimer decreased their price objective on Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, April 30th. Barclays lifted their price objective on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, April 23rd. Finally, Stifel Nicolaus lifted their price objective on Honeywell from $157.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, April 23rd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell has a consensus rating of “Buy” and an average target price of $169.27.

Honeywell Company Profile

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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