Moors & Cabot Inc. Has $5.50 Million Stock Holdings in Honeywell International Inc. $HON

Moors & Cabot Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,128 shares of the conglomerate’s stock after purchasing an additional 2,961 shares during the quarter. Moors & Cabot Inc.’s holdings in Honeywell International were worth $5,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth $31,000. Howard Hughes Medical Institute acquired a new stake in Honeywell International in the second quarter valued at $33,000. Cedar Mountain Advisors LLC grew its position in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Honeywell International by 833.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Robert W. Baird lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Argus boosted their target price on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group increased their price target on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 4th. Finally, Citigroup raised their price target on Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Activity

In related news, Director D Scott Davis sold 2,367 shares of the firm’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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated 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 completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock worth $4,244,287 over the last 90 days. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 0.0%

Shares of NASDAQ:HON opened at $234.51 on Tuesday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The business has a 50 day moving average of $230.45 and a 200-day moving average of $212.37. 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 stock has a market cap of $149.07 billion, a PE ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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 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 analysts’ expectations of $9.60 billion. During the same period last year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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