Westerkirk Capital Inc. Invests $926,000 in Honeywell International Inc. $HON

Westerkirk Capital Inc. bought a new stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,400 shares of the conglomerate’s stock, valued at approximately $926,000.

A number of other institutional investors have also added to or reduced their stakes in HON. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Honeywell International during the 2nd quarter valued at about $33,000. Cedar Mountain Advisors LLC grew 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 valued at $33,000 after purchasing an additional 84 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the subject of several research reports. Citigroup increased their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Barclays raised their price objective on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.32.

View Our Latest Report on HON

Honeywell International Price Performance

Shares of HON stock opened at $243.97 on Friday. The stock has a 50 day moving average price of $216.67 and a 200 day moving average price of $209.98. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $245.63. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.05 and a current ratio of 1.30. The firm has a market capitalization of $155.09 billion, a P/E ratio of 30.53, a P/E/G ratio of 3.53 and a beta of 0.94.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 earnings per share. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date 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 (DPR) is presently 59.57%.

Insider Activity

In related news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by corporate insiders.

Key Stories Impacting Honeywell International

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Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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