Roman Butler Fullerton & Co. Purchases New Holdings in Honeywell International Inc. (HON)

Roman Butler Fullerton & Co. purchased a new position in Honeywell International Inc. (NYSE:HON) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,494 shares of the conglomerate’s stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Schulhoff & Co. Inc. lifted its holdings in shares of Honeywell International by 3.9% in the 1st quarter. Schulhoff & Co. Inc. now owns 11,489 shares of the conglomerate’s stock worth $1,825,000 after purchasing an additional 427 shares during the last quarter. Investec Asset Management PTY Ltd lifted its stake in Honeywell International by 4.3% in the 1st quarter. Investec Asset Management PTY Ltd now owns 5,917 shares of the conglomerate’s stock valued at $935,000 after purchasing an additional 244 shares during the last quarter. Bristlecone Advisors LLC lifted its stake in Honeywell International by 11.0% in the 1st quarter. Bristlecone Advisors LLC now owns 14,031 shares of the conglomerate’s stock valued at $2,230,000 after purchasing an additional 1,388 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Honeywell International in the 1st quarter valued at about $5,757,000. Finally, McGuire Investment Group LLC lifted its stake in Honeywell International by 17.8% in the 1st quarter. McGuire Investment Group LLC now owns 22,678 shares of the conglomerate’s stock valued at $3,604,000 after purchasing an additional 3,430 shares during the last quarter. 75.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Timothy O. Mahoney sold 73,352 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the transaction, the insider now directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Credit Suisse Group raised their price objective on shares of Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Morgan Stanley raised their price objective on shares of Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Monday, April 22nd. Finally, Deutsche Bank raised their price objective on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $175.20.

Shares of HON stock opened at $169.31 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01. The company has a market cap of $123.43 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.26 and a beta of 1.12. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $174.34.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.09. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $8.63 billion. During the same period last year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.82 per share. The ex-dividend date is Thursday, May 23rd. This represents a $3.28 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio is presently 40.95%.

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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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