Honeywell International Inc. (HON) Stake Increased by Rathbone Brothers plc

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Rathbone Brothers plc grew its stake in shares of Honeywell International Inc. (NYSE:HON) by 18.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,707 shares of the conglomerate’s stock after purchasing an additional 14,271 shares during the quarter. Rathbone Brothers plc’s holdings in Honeywell International were worth $15,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV raised its holdings in Honeywell International by 4.7% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after purchasing an additional 6,316 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Honeywell International by 7,972.1% in the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after purchasing an additional 22,561 shares in the last quarter. Parsec Financial Management Inc. raised its holdings in Honeywell International by 24.5% in the second quarter. Parsec Financial Management Inc. now owns 1,982 shares of the conglomerate’s stock worth $286,000 after purchasing an additional 390 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Honeywell International by 38.6% in the second quarter. Riverhead Capital Management LLC now owns 17,874 shares of the conglomerate’s stock worth $2,575,000 after purchasing an additional 4,975 shares in the last quarter. Finally, New England Asset Management Inc. raised its holdings in Honeywell International by 467.0% in the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock worth $470,000 after purchasing an additional 2,685 shares in the last quarter. 74.60% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the transaction, the insider now owns 16,131 shares in the company, valued at $2,568,861.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

HON opened at $156.20 on Friday. Honeywell International Inc. has a 52-week low of $139.51 and a 52-week high of $167.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. The stock has a market cap of $123.57 billion, a PE ratio of 21.97, a P/E/G ratio of 1.93 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The firm had revenue of $10.92 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post 8.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.10%. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is 41.91%.

A number of brokerages have commented on HON. Morgan Stanley began coverage on shares of Honeywell International in a report on Monday, August 20th. They issued an “overweight” rating and a $175.00 target price for the company. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Barclays boosted their target price on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. MED began coverage on shares of Honeywell International in a report on Thursday, July 12th. They issued a “buy” rating and a $166.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $174.79.

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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