Delta Global Management LP Makes New Investment in Honeywell International Inc. $HON

Delta Global Management LP purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,809 shares of the conglomerate’s stock, valued at approximately $2,486,000.

A number of other large investors have also modified their holdings of the stock. First National Trust Co grew its stake in Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after purchasing an additional 6,803 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new stake in Honeywell International in the 3rd quarter valued at about $4,147,000. Managed Asset Portfolios LLC boosted its stake in shares of Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares during the period. Federated Hermes Inc. grew its position in shares of Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after buying an additional 4,061 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Honeywell International during the second quarter worth about $1,943,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HON shares. Mizuho reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research report on Friday, January 16th. Argus raised 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. Daiwa Securities Group lifted their price objective on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Morgan Stanley boosted their target price 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. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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 trade represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock valued at $4,244,287 in the last 90 days. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $234.50 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The firm’s 50 day moving average is $229.78 and its two-hundred day moving average is $212.27. The firm has a market capitalization of $149.07 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the firm earned $2.47 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

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.