Honeywell (HON) Stake Increased by Northstar Capital Management LLC

Northstar Capital Management LLC grew its stake in shares of Honeywell (NYSE:HON) by 5.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 24,216 shares of the conglomerate’s stock after acquiring an additional 1,287 shares during the quarter. Honeywell comprises about 3.2% of Northstar Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Northstar Capital Management LLC’s holdings in Honeywell were worth $3,499,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HON. We Are One Seven LLC bought a new stake in shares of Honeywell during the 4th quarter worth $199,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Honeywell by 2.1% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 107,484 shares of the conglomerate’s stock worth $15,333,000 after purchasing an additional 2,192 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Honeywell in the 4th quarter worth about $746,000. Employees Retirement System of Texas increased its holdings in Honeywell by 12.9% in the 4th quarter. Employees Retirement System of Texas now owns 203,300 shares of the conglomerate’s stock worth $31,178,000 after purchasing an additional 23,300 shares in the last quarter. Finally, Albion Financial Group UT increased its holdings in Honeywell by 50.8% in the 4th quarter. Albion Financial Group UT now owns 56,436 shares of the conglomerate’s stock worth $8,655,000 after purchasing an additional 19,008 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

In related news, insider Timothy O. Mahoney sold 114,489 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the sale, the insider now owns 314,725 shares in the company, valued at approximately $47,271,695. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 3,426 shares of the company’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.59, for a total value of $515,921.34. Following the sale, the director now owns 43,773 shares in the company, valued at approximately $6,591,776.07. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Shares of HON stock opened at $151.83 on Thursday. The stock has a market capitalization of $113.44 billion, a PE ratio of 21.35, a P/E/G ratio of 2.04 and a beta of 0.97. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. Honeywell has a 1-year low of $131.42 and a 1-year high of $165.13.

Honeywell (NYSE:HON) last issued its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. research analysts predict that Honeywell will post 8.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 18th were paid a $0.745 dividend. The ex-dividend date was Thursday, May 17th. This represents a $2.98 annualized dividend and a dividend yield of 1.96%. Honeywell’s payout ratio is 41.91%.

A number of equities analysts have issued reports on HON shares. Zacks Investment Research raised Honeywell from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Monday, March 19th. Barclays started coverage on Honeywell in a report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Honeywell in a report on Friday, February 16th. ValuEngine cut Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, TheStreet raised Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell has an average rating of “Buy” and a consensus target price of $167.73.

About Honeywell

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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