Strategic Advisors LLC Buys 170 Shares of Honeywell International Inc. (NYSE:HON)

Strategic Advisors LLC increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,495 shares of the conglomerate’s stock after purchasing an additional 170 shares during the quarter. Strategic Advisors LLC’s holdings in Honeywell International were worth $1,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 453.8% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after buying an additional 118 shares during the period. Krane Funds Advisors LLC purchased a new stake in shares of Honeywell International in the 2nd quarter worth $25,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Honeywell International in the 2nd quarter worth $31,000. Transamerica Financial Advisors Inc. lifted its holdings in shares of Honeywell International by 2,371.4% in the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after buying an additional 166 shares during the period. Finally, Mackey Komara & Dankovich LLC lifted its holdings in shares of Honeywell International by 887.9% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,798 shares of the conglomerate’s stock worth $33,000 after buying an additional 1,616 shares during the period. 75.83% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold a total of 25,133 shares of company stock worth $4,141,655 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on HON shares. JPMorgan Chase & Co. upped their target price on Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Credit Suisse Group upped their target price on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Morgan Stanley upped their target price on Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given 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 price target of $184.55.

Shares of NYSE HON traded down $1.75 during mid-day trading on Friday, reaching $165.77. 191,622 shares of the company were exchanged, compared to its average volume of 2,556,320. 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 stock has a market cap of $117.74 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 2.20 and a beta of 1.10. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $178.47. The firm has a 50-day moving average of $165.86 and a 200 day moving average of $168.35.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.07. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the prior year, the business posted $2.03 EPS. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post 8.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.90 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, November 14th. Honeywell International’s dividend payout ratio is currently 40.95%.

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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