VeraBank N.A. Increases Stock Position in Honeywell International Inc. (NYSE:HON)

VeraBank N.A. increased its position in Honeywell International Inc. (NYSE:HON) by 23.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,918 shares of the conglomerate’s stock after purchasing an additional 550 shares during the quarter. VeraBank N.A.’s holdings in Honeywell International were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new position in Honeywell International during the first quarter valued at approximately $25,000. Lenox Wealth Advisors LLC raised its holdings in shares of Honeywell International by 453.8% in the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Honeywell International in the second quarter valued at about $25,000. Mackey Komara & Dankovich LLC bought a new position in shares of Honeywell International in the first quarter valued at about $29,000. Finally, Mcmillion Capital Management Inc. bought a new position in shares of Honeywell International in the second quarter valued at about $31,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

HON stock traded up $3.98 during midday trading on Friday, reaching $164.95. The stock had a trading volume of 981,152 shares, compared to its average volume of 2,783,398. The business has a fifty day simple moving average of $165.05 and a two-hundred day simple moving average of $168.10. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a market cap of $114.13 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.11 and a beta of 1.10. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47.

Honeywell International (NYSE:HON) last announced 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. The firm had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s revenue was down 15.3% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post 8.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio is 40.95%.

In related news, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value 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 approximately $4,739,409.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is owned by company insiders.

A number of research firms recently issued reports on HON. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lifted their price target on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a report on Monday, September 9th. Zacks Investment Research cut Honeywell International from a “hold” rating to a “sell” rating and set a $169.00 price target for the company. in a report on Friday. Finally, Credit Suisse Group lifted their price target on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $184.09.

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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