Front Barnett Associates LLC Maintains Stake in Honeywell International Inc. (HON)

Front Barnett Associates LLC maintained its position in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,302 shares of the conglomerate’s stock at the end of the 2nd quarter. Front Barnett Associates LLC’s holdings in Honeywell International were worth $1,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Clearbridge Investments LLC grew its stake in shares of Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Honeywell International by 13,551.7% during the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Honeywell International by 8.8% during the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Honeywell International by 450.7% during the second quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock valued at $120,072,000 after purchasing an additional 737,262 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Honeywell International by 50.1% during the second quarter. Principal Financial Group Inc. now owns 1,667,361 shares of the conglomerate’s stock valued at $222,242,000 after purchasing an additional 556,556 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

A number of equities analysts have issued reports on HON shares. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, August 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank Of Canada raised their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Oppenheimer Holdings, Inc. raised their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $150.79.

Shares of Honeywell International Inc. (NYSE:HON) opened at $145.75 on Friday. Honeywell International Inc. has a twelve month low of $111.78 and a twelve month high of $147.51. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $110,799.50, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.23 and a beta of 0.97.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period last year, the business posted $1.60 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is presently 40.30%.

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About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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