Hilltop Holdings Inc. Raises Stock Holdings in Honeywell International Inc. (NYSE:HON)

Hilltop Holdings Inc. lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 61.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,155 shares of the conglomerate’s stock after buying an additional 3,092 shares during the quarter. Hilltop Holdings Inc.’s holdings in Honeywell International were worth $1,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. SevenBridge Financial Group LLC raised its position in Honeywell International by 0.5% in the second quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock worth $2,014,000 after acquiring an additional 60 shares in the last quarter. Claro Advisors LLC raised its position in Honeywell International by 0.8% in the second quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock worth $1,361,000 after acquiring an additional 60 shares in the last quarter. Financial Advocates Investment Management raised its position in Honeywell International by 0.8% in the second quarter. Financial Advocates Investment Management now owns 7,309 shares of the conglomerate’s stock worth $1,276,000 after acquiring an additional 60 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Honeywell International by 1.4% in the second quarter. Ontario Teachers Pension Plan Board now owns 4,292 shares of the conglomerate’s stock worth $749,000 after acquiring an additional 60 shares in the last quarter. Finally, Claraphi Advisory Network LLC raised its position in Honeywell International by 1.3% in the second quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock worth $847,000 after acquiring an additional 61 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Citigroup increased their price objective on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Credit Suisse Group raised their price target on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $183.58.

HON opened at $167.17 on Friday. 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 quick ratio of 0.96 and a current ratio of 1.19. The stock’s fifty day moving average is $165.56 and its 200-day moving average is $167.01. The company has a market capitalization of $119.77 billion, a PE ratio of 20.87, a P/E/G ratio of 2.22 and a beta of 1.10.

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

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

In other news, 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 transaction of $1,180,156.92. Following the sale, the chairman now directly owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,800,057.92. Following the sale, the chief executive officer now directly owns 28,920 shares in the company, valued at $4,739,409.60. The disclosure for this sale can be found here. Insiders sold a total of 25,133 shares of company stock worth $4,141,655 in the last three months. Company insiders own 0.73% of the company’s stock.

Honeywell International 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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