Engineers Gate Manager LP Takes Position in Honeywell International Inc. (NYSE:HON)

Engineers Gate Manager LP purchased a new stake in shares of Honeywell International Inc. (NYSE:HON) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,541 shares of the conglomerate’s stock, valued at approximately $739,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hanson McClain Inc. boosted its stake in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the last quarter. Burt Wealth Advisors boosted its stake in Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the last quarter. Guidant Wealth Advisors boosted its stake in Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the last quarter. Finally, Jolley Asset Management LLC boosted its stake in Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.

HON has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Thursday, September 21st. Deutsche Bank reiterated a “buy” rating and set 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 target on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Citigroup raised their price target on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $151.92.

Shares of Honeywell International Inc. (HON) traded down $0.63 during trading hours on Monday, reaching $153.77. 3,250,379 shares of the company traded hands, compared to its average volume of 2,712,713. The company has a market cap of $117,150.00, a P/E ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99. Honeywell International Inc. has a 12-month low of $112.66 and a 12-month high of $156.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

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Honeywell International Profile

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.

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

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