Montag A & Associates Inc. Raises Position in Honeywell International Inc. (NASDAQ:HON)

Montag A & Associates Inc. grew its position in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,128 shares of the conglomerate’s stock after buying an additional 425 shares during the period. Montag A & Associates Inc.’s holdings in Honeywell International were worth $3,802,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its holdings in shares of Honeywell International by 2.2% in the third quarter. Chicago Partners Investment Group LLC now owns 2,697 shares of the conglomerate’s stock worth $487,000 after buying an additional 58 shares in the last quarter. Graypoint LLC lifted its holdings in shares of Honeywell International by 5.3% in the third quarter. Graypoint LLC now owns 3,227 shares of the conglomerate’s stock worth $596,000 after buying an additional 161 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Honeywell International by 23.7% in the third quarter. Gradient Investments LLC now owns 3,372 shares of the conglomerate’s stock worth $623,000 after buying an additional 647 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of Honeywell International in the third quarter worth $11,096,000. Finally, Lafayette Investments Inc. raised its stake in Honeywell International by 7.8% during the third quarter. Lafayette Investments Inc. now owns 3,440 shares of the conglomerate’s stock valued at $636,000 after purchasing an additional 250 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 1.3 %

Shares of HON stock traded up $2.58 during trading hours on Thursday, reaching $200.63. 2,692,031 shares of the stock were exchanged, compared to its average volume of 2,997,613. The firm has a market capitalization of $130.65 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.26 and a beta of 1.02. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The business’s fifty day moving average is $197.56 and its two-hundred day moving average is $196.95.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. As a group, research analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.15%. Honeywell International’s dividend payout ratio is presently 50.06%.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada dropped their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $215.71.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.