Victory Capital Management Inc. Buys 41,476 Shares of Honeywell International Inc. $HON

Victory Capital Management Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 729,335 shares of the conglomerate’s stock after buying an additional 41,476 shares during the quarter. Victory Capital Management Inc.’s holdings in Honeywell International were worth $153,525,000 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. Barnes Dennig Private Wealth Management LLC raised its position in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Honeywell International during the 2nd quarter valued at about $33,000. Cedar Mountain Advisors LLC increased its stake in Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Honeywell International in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on 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 completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 over the last three months. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several recent analyst reports. Wolfe Research upgraded Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target for the company in a research note on Friday, February 27th. Daiwa Securities Group boosted their target price on Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Rothschild & Co Redburn raised their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Finally, TD Cowen lowered their price objective on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $250.17.

Honeywell International Stock Down 1.7%

Shares of HON opened at $243.85 on Wednesday. The business’s 50 day moving average is $223.09 and its 200 day moving average is $211.21. The company has a market capitalization of $155.01 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.92. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.47 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is 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.