Allen Investment Management LLC boosted its stake in Honeywell International Inc. (NYSE:HON) by 59.6% during the first quarter, Holdings Channel reports. The firm owned 4,161 shares of the conglomerate’s stock after buying an additional 1,554 shares during the period. Allen Investment Management LLC’s holdings in Honeywell International were worth $520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares during the period. Swiss National Bank boosted its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the period. CIBC World Markets Inc. boosted its position in shares of Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after buying an additional 543,617 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock valued at $113,628,000 after buying an additional 542,474 shares during the period. Finally, Karp Capital Management Corp purchased a new position in shares of Honeywell International during the first quarter valued at about $61,656,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Shares of Honeywell International Inc. (HON) traded down 0.83% during mid-day trading on Thursday, reaching $137.84. 373,704 shares of the company traded hands. The firm has a 50-day moving average price of $135.77 and a 200 day moving average price of $129.22. The firm has a market capitalization of $104.84 billion, a price-to-earnings ratio of 21.37 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the firm posted $1.70 EPS. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.

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HON has been the subject of several recent analyst reports. Barclays PLC lifted their target price on shares of Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, June 28th. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, Citigroup Inc. lifted their target price on shares of Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.17.

In other news, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold a total of 473,229 shares of company stock valued at $64,546,642 over the last three months. 1.56% of the stock is currently owned by insiders.

Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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