Johnson Financial Group Inc. Purchases 2,198 Shares of Honeywell International Inc. $HON

Johnson Financial Group Inc. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,469 shares of the conglomerate’s stock after acquiring an additional 2,198 shares during the period. Johnson Financial Group Inc.’s holdings in Honeywell International were worth $3,467,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC boosted its position in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in Honeywell International during the 2nd quarter valued at $33,000. Cedar Mountain Advisors LLC lifted its position in shares of Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 value of $568,080.00. Following the completion of the sale, the director directly 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 this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This represents a 68.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock worth $4,244,287 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Honeywell International Stock Down 2.5%

HON opened at $233.40 on Friday. The company has a market capitalization of $148.37 billion, a PE ratio of 29.21, a PEG ratio of 3.47 and a beta of 0.92. The firm’s 50 day simple moving average is $229.01 and its two-hundred day simple moving average is $212.31. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year 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 posted its 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 firm had revenue of $10.07 billion during 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 company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio is 59.57%.

Analyst Ratings Changes

HON has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Wolfe Research upgraded shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 target price for the company in a report on Friday, February 27th. DZ Bank decreased their target price on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Finally, Robert W. Baird lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, January 30th. 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’s stock. According to MarketBeat, Honeywell International presently has an average 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.