Caption Management LLC Acquires Shares of 23,700 Honeywell International Inc. $HON

Caption Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 23,700 shares of the conglomerate’s stock, valued at approximately $4,989,000.

A number of other large investors have also recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after buying an additional 2,277,234 shares in the last quarter. Invesco Ltd. lifted its position in shares of Honeywell International by 11.0% during the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock worth $1,287,408,000 after buying an additional 605,600 shares during the last quarter. Capital Research Global Investors boosted its stake in Honeywell International by 1.4% in the third quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock valued at $851,880,000 after buying an additional 55,681 shares in the last quarter. Unisphere Establishment grew its position in Honeywell International by 8.1% in the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Honeywell International by 2.4% in the third quarter. Legal & General Group Plc now owns 3,814,512 shares of the conglomerate’s stock valued at $802,957,000 after acquiring an additional 88,723 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling 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 completion of the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was 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 disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last ninety days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HON shares. Argus increased their target price on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. DZ Bank decreased their price target on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Robert W. Baird upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Bank of America reissued an “underperform” rating and issued a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Finally, Rothschild & Co Redburn raised their target price on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $251.65.

Honeywell International Stock Performance

Shares of HON stock opened at $234.50 on Friday. The firm has a market capitalization of $149.07 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.38 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The business’s 50-day moving average price is $229.78 and its 200-day moving average price is $212.41. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.47 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio 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.