Marshall Wace North America L.P. Has $48.96 Million Holdings in Honeywell International Inc. (NYSE:HON)

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Marshall Wace North America L.P. lifted its position in shares of Honeywell International Inc. (NYSE:HON) by 69.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,444 shares of the conglomerate’s stock after purchasing an additional 114,479 shares during the quarter. Marshall Wace North America L.P.’s holdings in Honeywell International were worth $48,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in HON. B. Riley Wealth Management Inc. lifted its position in shares of Honeywell International by 4.9% during the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock worth $4,182,000 after buying an additional 1,220 shares during the period. Concentric Wealth Management LLC raised its position in Honeywell International by 9.6% in the 2nd quarter. Concentric Wealth Management LLC now owns 1,425 shares of the conglomerate’s stock valued at $249,000 after purchasing an additional 125 shares during the last quarter. Ibex Wealth Advisors bought a new position in Honeywell International in the 2nd quarter valued at $142,000. Rockland Trust Co. raised its position in Honeywell International by 10.5% in the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock valued at $408,000 after purchasing an additional 222 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Honeywell International by 513.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock valued at $4,704,000 after purchasing an additional 22,556 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.

Shares of HON stock traded down $0.76 on Thursday, reaching $167.21. 1,062,986 shares of the stock were exchanged, compared to its average volume of 3,031,213. The stock has a market cap of $119.59 billion, a PE ratio of 20.88, a P/E/G ratio of 2.21 and a beta of 1.10. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The stock has a 50 day moving average price of $165.68 and a 200 day moving average price of $166.95.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.82 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.96%. Honeywell International’s payout ratio is currently 40.95%.

In other news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the sale, the chairman now owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,133 shares of company stock valued at $4,141,655. 0.73% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on the company. Credit Suisse Group lifted their price objective on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Citigroup lifted their price objective on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Jefferies Financial Group lifted their price objective on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Morgan Stanley lifted their price objective on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $183.58.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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