Connor Clark & Lunn Investment Management Ltd. Acquires 3,339 Shares of Honeywell International Inc. $HON

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,473 shares of the conglomerate’s stock after purchasing an additional 3,339 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Honeywell International were worth $28,728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Magnetar Financial LLC raised its holdings in Honeywell International by 1,163.7% during the third quarter. Magnetar Financial LLC now owns 40,260 shares of the conglomerate’s stock valued at $8,475,000 after buying an additional 37,074 shares in the last quarter. Silvant Capital Management LLC lifted its position in shares of Honeywell International by 2.1% in the third quarter. Silvant Capital Management LLC now owns 112,830 shares of the conglomerate’s stock worth $23,751,000 after buying an additional 2,341 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Honeywell International by 32.9% during the 3rd quarter. Van ECK Associates Corp now owns 145,455 shares of the conglomerate’s stock worth $30,618,000 after acquiring an additional 36,018 shares in the last quarter. Finally, Winthrop Capital Management LLC boosted its stake in shares of Honeywell International by 1.9% during the 3rd quarter. Winthrop Capital Management LLC now owns 5,642 shares of the conglomerate’s stock worth $1,188,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $233.40 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $229.01 and its two-hundred day moving average is $212.31. The company has a market cap of $148.37 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.47 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.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate 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 for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business 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 $1.19 dividend. The ex-dividend date of this dividend is 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 is 59.57%.

Insider Buying and Selling at Honeywell International

In other news, 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 completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock worth $4,244,287 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HON. Rothschild & Co Redburn raised their price objective on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Daiwa Securities Group lifted their price target on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Morgan Stanley boosted their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their price objective on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

About Honeywell International

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.