LGT Group Foundation Buys New Shares in Honeywell International Inc. (NASDAQ:HON)

LGT Group Foundation purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 125 shares of the conglomerate’s stock, valued at approximately $26,000.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Mutual Advisors LLC grew its position in Honeywell International by 1.3% during the fourth quarter. Mutual Advisors LLC now owns 6,394 shares of the conglomerate’s stock valued at $1,341,000 after acquiring an additional 79 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Honeywell International by 2.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 342,394 shares of the conglomerate’s stock worth $71,803,000 after buying an additional 7,950 shares during the period. Pacer Advisors Inc. boosted its position in shares of Honeywell International by 30.3% in the fourth quarter. Pacer Advisors Inc. now owns 92,196 shares of the conglomerate’s stock worth $19,334,000 after buying an additional 21,439 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Honeywell International by 2.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 18,550 shares of the conglomerate’s stock worth $3,890,000 after buying an additional 483 shares during the period. Finally, Schechter Investment Advisors LLC boosted its position in shares of Honeywell International by 6.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,971 shares of the conglomerate’s stock worth $1,462,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Wells Fargo & Company cut their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $224.50.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

HON stock traded down $1.04 on Friday, reaching $201.41. The company’s stock had a trading volume of 2,154,124 shares, compared to its average volume of 2,872,366. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a market capitalization of $131.16 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04. The firm has a fifty day moving average of $210.02 and a two-hundred day moving average of $202.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the company posted $2.23 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 10.27 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.14%. Honeywell International’s payout ratio is currently 50.06%.

Honeywell International Profile

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.