Mackenzie Financial Corp Reduces Stock Position in Honeywell International Inc. $HON

Mackenzie Financial Corp cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 42.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,461 shares of the conglomerate’s stock after selling 116,492 shares during the period. Mackenzie Financial Corp’s holdings in Honeywell International were worth $33,777,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC grew its position in shares of Honeywell International by 491.7% in 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 in the last quarter. Howard Hughes Medical Institute purchased a new stake in Honeywell International during the 2nd quarter worth about $33,000. Cedar Mountain Advisors LLC lifted its holdings in Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 150 shares during the period. Finally, Cloud Capital Management LLC bought a new position in Honeywell International in the 3rd quarter worth about $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HON shares. Evercore upped their price target on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Bank of America restated 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. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research note on Friday, January 16th. Citigroup upped their target price on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada increased their target price on shares of Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.65.

Insiders Place Their Bets

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $233.40 on Friday. The business has a 50 day moving average of $229.01 and a 200 day moving average of $212.31. The company has a market capitalization of $148.37 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.47 and a beta of 0.92. Honeywell International Inc. has a 1-year low of $169.21 and a 1-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 issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $2.47 earnings per share. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.19 per share. 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 (DPR) is currently 59.57%.

Honeywell International 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.