LGT Fund Management Co Ltd. Purchases 2,954 Shares of Honeywell International Inc. $HON

LGT Fund Management Co Ltd. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 34.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,623 shares of the conglomerate’s stock after acquiring an additional 2,954 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Honeywell International were worth $2,443,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Unisphere Establishment raised its stake in Honeywell International by 8.1% in the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares in the last quarter. Legal & General Group Plc raised its position in Honeywell International by 3.9% in the 2nd quarter. Legal & General Group Plc now owns 3,725,789 shares of the conglomerate’s stock worth $867,663,000 after purchasing an additional 138,235 shares during the period. Laurel Wealth Advisors LLC lifted its stake in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Honeywell International by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,253,411 shares of the conglomerate’s stock valued at $684,805,000 after buying an additional 174,665 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Honeywell International by 9.9% during the second quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock valued at $678,935,000 after buying an additional 263,043 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 1.3%

Shares of Honeywell International stock opened at $235.29 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The company has a market cap of $149.57 billion, a P/E ratio of 29.45, a PEG ratio of 3.41 and a beta of 0.92. The company’s fifty day simple moving average is $225.66 and its two-hundred day simple moving average is $211.70.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is currently 59.57%.

Analysts Set New Price Targets

A number of brokerages have commented on HON. Royal Bank Of Canada lifted their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. HSBC dropped their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a report on Monday, January 5th. The Goldman Sachs Group upped their price target on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Robert W. Baird increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Insider Buying and Selling

In related news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is currently owned by company insiders.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.