Brick & Kyle Associates Increases Stake in Honeywell International Inc. $HON

Brick & Kyle Associates lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,091 shares of the conglomerate’s stock after acquiring an additional 2,797 shares during the quarter. Honeywell International comprises approximately 2.4% of Brick & Kyle Associates’ portfolio, making the stock its 16th largest holding. Brick & Kyle Associates’ holdings in Honeywell International were worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC raised its holdings in Honeywell International by 23,503.0% in the 2nd 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 period. Franklin Resources Inc. boosted its holdings in Honeywell International by 28.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after buying an additional 2,277,234 shares during the period. Marshall Wace LLP increased its stake in Honeywell International by 130.0% in the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock worth $388,379,000 after buying an additional 1,042,972 shares in the last quarter. Two Sigma Investments LP raised its holdings in Honeywell International by 424.3% during the third quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock valued at $242,865,000 after acquiring an additional 933,694 shares during the period. Finally, Boston Partners lifted its position in shares of Honeywell International by 21.6% in the third quarter. Boston Partners now owns 3,535,270 shares of the conglomerate’s stock valued at $744,054,000 after acquiring an additional 626,960 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $234.50 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm has a market cap of $149.07 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92. The stock’s fifty day moving average price is $229.78 and its 200-day moving average price is $212.34. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (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 the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $2.47 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated 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. The trade was a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Daiwa Securities Group lifted their price objective on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 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. Wolfe Research raised shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target for the company in a report on Friday, February 27th. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research report on Friday, January 16th. Finally, Citigroup raised their price objective on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 30th. 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’s stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $251.65.

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.