Managed Asset Portfolios LLC Has $20.62 Million Holdings in Honeywell International Inc. $HON

Managed Asset Portfolios LLC lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,966 shares of the conglomerate’s stock after purchasing an additional 2,133 shares during the quarter. Honeywell International accounts for approximately 2.6% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 20th biggest holding. Managed Asset Portfolios LLC’s holdings in Honeywell International were worth $20,622,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Howard Hughes Medical Institute bought a new position in shares of Honeywell International in the 2nd quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC boosted its position in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in Honeywell International in the third quarter valued at approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock worth $4,244,287 in the last ninety days. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HON shares. Wall Street Zen upgraded Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Evercore boosted their target price on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. 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 note on Friday, January 30th. Bank of America reissued an “underperform” rating and issued a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Finally, Wolfe Research raised shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 target price on the stock in a report on Friday, February 27th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.17.

Honeywell International Price Performance

NASDAQ:HON opened at $243.85 on Wednesday. The company has a market cap of $155.01 billion, a P/E ratio of 30.52, a P/E/G ratio of 3.59 and a beta of 0.92. The firm’s fifty day moving average price is $223.09 and its two-hundred day moving average price is $211.21. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the company posted $2.47 EPS. Honeywell International’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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 presently 59.57%.

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.