Silvant Capital Management LLC Buys 2,341 Shares of Honeywell International Inc. $HON

Silvant Capital Management LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,830 shares of the conglomerate’s stock after purchasing an additional 2,341 shares during the quarter. Honeywell International accounts for approximately 0.8% of Silvant Capital Management LLC’s holdings, making the stock its 20th biggest position. Silvant Capital Management LLC’s holdings in Honeywell International were worth $23,751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HON. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International during the second quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Honeywell International by 491.7% during 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. Cedar Mountain Advisors LLC increased its holdings in Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares in the last quarter. SJS Investment Consulting Inc. raised its position 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 buying an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in Honeywell International during the 3rd quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.3%

NASDAQ:HON opened at $240.61 on Wednesday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18. The business has a fifty day moving average price of $227.36 and a 200-day moving average price of $211.97. The firm has a market capitalization of $152.95 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92. 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 released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the company posted $2.47 earnings per share. Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 yield of 2.0%. Honeywell International’s payout ratio is currently 59.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HON shares. Argus boosted their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Bank of America reaffirmed an “underperform” rating and issued a $205.00 target price (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. BNP Paribas Exane boosted their target price on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Vertical Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Monday, January 5th. Finally, Wall Street Zen raised Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock worth $4,244,287 in the last ninety days. Insiders own 0.41% of the company’s stock.

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.