Perennial Advisors LLC Raises Stock Holdings in Honeywell International Inc. $HON

Perennial Advisors LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,364 shares of the conglomerate’s stock after acquiring an additional 2,527 shares during the period. Honeywell International comprises 1.5% of Perennial Advisors LLC’s portfolio, making the stock its 20th biggest position. Perennial Advisors LLC’s holdings in Honeywell International were worth $8,850,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after purchasing an additional 2,277,234 shares during the period. Invesco Ltd. boosted its stake in shares of Honeywell International by 11.0% during the third quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock valued at $1,287,408,000 after purchasing an additional 605,600 shares during the period. Unisphere Establishment grew its holdings in shares of Honeywell International by 5.4% in the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock worth $887,258,000 after purchasing an additional 215,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Honeywell International by 15,459.1% in the fourth quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock worth $791,667,000 after purchasing an additional 4,031,879 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Honeywell International by 1.4% in the 3rd quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock worth $851,880,000 after buying an additional 55,681 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents 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 available through this link. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

NASDAQ HON opened at $221.57 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The firm’s 50 day moving average price is $232.86 and its 200-day moving average price is $212.76. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The company has a market cap of $140.85 billion, a PE ratio of 27.73, a P/E/G ratio of 3.23 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 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio is 59.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. The Goldman Sachs Group increased their price objective on Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada raised their price objective on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Twelve equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $251.65.

Honeywell International 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.