Gradient Investments LLC Boosts Position in Honeywell International Inc. (HON)

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Gradient Investments LLC lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 6.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 59,237 shares of the conglomerate’s stock after acquiring an additional 3,340 shares during the quarter. Gradient Investments LLC’s holdings in Honeywell International were worth $9,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HON. Summit Trail Advisors LLC raised its position in shares of Honeywell International by 13,390.2% during the 1st quarter. Summit Trail Advisors LLC now owns 4,022,630 shares of the conglomerate’s stock valued at $4,023,000 after acquiring an additional 3,992,811 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $104,007,000. Point72 Asset Management L.P. raised its position in shares of Honeywell International by 322.1% during the 1st quarter. Point72 Asset Management L.P. now owns 919,922 shares of the conglomerate’s stock valued at $132,938,000 after acquiring an additional 701,968 shares in the last quarter. Millennium Management LLC raised its position in shares of Honeywell International by 695.7% during the 1st quarter. Millennium Management LLC now owns 775,821 shares of the conglomerate’s stock valued at $112,114,000 after acquiring an additional 678,323 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $91,840,000. 74.60% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on HON. HSBC lowered Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price target on the stock. in a research report on Tuesday, October 2nd. Oppenheimer upped their price target on Honeywell International from $172.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, September 26th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Deutsche Bank upped their price target on Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, September 28th. Finally, JPMorgan Chase & Co. reissued a “positive” rating on shares of Honeywell International in a research report on Thursday, September 6th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $174.79.

Shares of NYSE HON opened at $156.20 on Friday. Honeywell International Inc. has a 1-year low of $139.51 and a 1-year high of $167.72. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $123.57 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.93 and a beta of 0.99.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm had revenue of $10.92 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $1.80 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Honeywell International Inc. will post 8.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.10%. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.

In other news, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total transaction of $484,795.92. Following the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares in the company, valued at $2,568,861.75. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Honeywell International 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.

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

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