Parallel Advisors LLC Boosts Stake in Honeywell International Inc. (HON)

Parallel Advisors LLC grew its holdings in Honeywell International Inc. (NYSE:HON) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,545 shares of the conglomerate’s stock after purchasing an additional 1,222 shares during the period. Parallel Advisors LLC’s holdings in Honeywell International were worth $1,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Clearbridge Investments LLC raised its position in shares of Honeywell International by 69.2% in 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 period. Harbour Capital Advisors LLC raised its position in shares of Honeywell International by 13,551.7% in 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 period. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 8.8% in 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 period. American Century Companies Inc. raised its position in shares of Honeywell International by 450.7% in 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 period. Finally, Swiss National Bank raised its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the period. 75.93% of the stock is currently owned by institutional investors.

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In other news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the sale, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 23rd. The shares were 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 approximately $2,268,477.96. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Several research firms have recently issued reports on HON. Royal Bank Of Canada boosted their price target on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Credit Suisse Group reissued a “neutral” rating and issued a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Citigroup Inc. boosted their price target on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Finally, Cowen and Company reissued a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a research report on Tuesday, October 10th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $150.79.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 2.07%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is presently 40.30%.

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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