First Trust Advisors LP Acquires 10,073 Shares of Honeywell International Inc. (HON)

First Trust Advisors LP boosted its holdings in Honeywell International Inc. (NYSE:HON) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,887 shares of the conglomerate’s stock after buying an additional 10,073 shares during the period. First Trust Advisors LP’s holdings in Honeywell International were worth $25,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HON. Burt Wealth Advisors boosted its holdings in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares during the period. Mosaic Family Wealth LLC boosted its holdings in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares during the period. Guidant Wealth Advisors boosted its holdings in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares during the period. CKW Financial Group bought a new position in Honeywell International in the 2nd quarter valued at $108,000. Finally, Hanson McClain Inc. boosted its holdings in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 76.30% of the company’s stock.

In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Several research analysts have commented on HON shares. Royal Bank of Canada set a $148.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Deutsche Bank reaffirmed a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a report on Thursday, September 21st. Morgan Stanley lifted their price objective on shares of Honeywell International from $145.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, September 22nd. Finally, Jefferies Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and an average target price of $160.50.

Shares of Honeywell International Inc. (HON) opened at $153.49 on Friday. Honeywell International Inc. has a fifty-two week low of $115.42 and a fifty-two week high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The stock has a market cap of $116,336.89, a price-to-earnings ratio of 23.26, a PEG ratio of 2.56 and a beta of 0.99.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The business had revenue of $10.12 billion during 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%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. research analysts predict that Honeywell International Inc. will post 7.1 earnings per share for the current fiscal year.

Honeywell International declared that its board has initiated a share repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a $0.745 dividend. The ex-dividend date of this dividend was 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 payout ratio is currently 45.15%.

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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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