QS Investors LLC Has $2.38 Million Stock Position in Honeywell International Inc. (NYSE:HON)

QS Investors LLC lifted its stake in Honeywell International Inc. (NYSE:HON) by 6.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,823 shares of the conglomerate’s stock after purchasing an additional 623 shares during the quarter. QS Investors LLC’s holdings in Honeywell International were worth $2,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in HON. Harvest Fund Management Co. Ltd boosted its position in shares of Honeywell International by 97.3% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 144 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Harvest Group Wealth Management LLC acquired a new position in shares of Honeywell International in the 2nd quarter valued at $36,000. SRS Capital Advisors Inc. acquired a new stake in Honeywell International during the 2nd quarter worth about $53,000. Better Money Decisions LLC acquired a new stake in Honeywell International during the 2nd quarter worth about $55,000. Finally, MV Capital Management Inc. boosted its position in Honeywell International by 29.8% during the 2nd quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock worth $72,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 75.66% of the company’s stock.

In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of Honeywell International stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $231.97, for a total value of $6,627,614.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Que Dallara sold 10,759 shares of Honeywell International stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the completion of the transaction, the chief executive officer now directly owns 3,495 shares in the company, valued at $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

HON has been the subject of a number of research reports. Robert W. Baird raised their price objective on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. Barclays raised their price objective on Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, July 26th. Morgan Stanley decreased their price objective on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, October 7th. Wells Fargo & Company initiated coverage on Honeywell International in a research report on Thursday, October 7th. They set an “equal weight” rating and a $229.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, July 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Buy” and an average price target of $230.21.

Shares of HON stock opened at $215.58 on Thursday. The stock’s 50 day simple moving average is $223.73 and its 200 day simple moving average is $224.47. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41. Honeywell International Inc. has a twelve month low of $159.42 and a twelve month high of $236.86. The company has a market capitalization of $148.84 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 2.57 and a beta of 1.16.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.08. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The business had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same period last year, the business earned $1.26 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Honeywell International’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Wednesday, November 10th. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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