Woodley Farra Manion Portfolio Management Inc. Has $69.79 Million Stock Position in Honeywell International Inc. $HON

Woodley Farra Manion Portfolio Management Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,565 shares of the conglomerate’s stock after selling 5,530 shares during the quarter. Honeywell International makes up approximately 3.3% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 11th largest position. Woodley Farra Manion Portfolio Management Inc. owned approximately 0.05% of Honeywell International worth $69,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HON. Lockheed Martin Investment Management Co. acquired a new position in Honeywell International in the 3rd quarter valued at $4,147,000. First National Trust Co lifted its holdings in shares of Honeywell International by 9.4% during the third quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after buying an additional 6,803 shares in the last quarter. Managed Asset Portfolios LLC boosted its position in shares of Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after acquiring an additional 2,154 shares during the period. Federated Hermes Inc. grew its stake in shares of Honeywell International by 72.5% in the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after acquiring an additional 4,061 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Honeywell International in the second quarter valued at about $1,943,000. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent research reports. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Monday, January 5th. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $240.00 in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $246.32.

Insider Transactions at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Honeywell International Price Performance

NASDAQ HON traded up $3.22 on Friday, hitting $243.99. 161,513 shares of the company’s stock were exchanged, compared to its average volume of 4,678,205. The stock has a 50-day moving average of $215.66 and a 200-day moving average of $209.90. The stock has a market cap of $155.10 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 3.49 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $245.63. The company has a current ratio of 1.30, a quick ratio of 1.05 and a debt-to-equity ratio of 1.81.

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

Honeywell International Dividend Announcement

The business also recently declared 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 payout ratio is 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.