Nelson Van Denburg & Campbell Wealth Management Group LLC Raises Position in Honeywell International Inc. (NYSE:HON)

Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,190 shares of the conglomerate’s stock after purchasing an additional 1,263 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Honeywell International were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Alberta Investment Management Corp boosted its position in Honeywell International by 4,141.2% during the second quarter. Alberta Investment Management Corp now owns 144,200 shares of the conglomerate’s stock worth $25,176,000 after acquiring an additional 140,800 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Honeywell International by 10.0% in the second quarter. AQR Capital Management LLC now owns 2,129,040 shares of the conglomerate’s stock valued at $371,176,000 after buying an additional 193,971 shares in the last quarter. Cahill Financial Advisors Inc. grew its stake in shares of Honeywell International by 5.6% in the second quarter. Cahill Financial Advisors Inc. now owns 6,754 shares of the conglomerate’s stock valued at $1,180,000 after buying an additional 361 shares in the last quarter. Capital Bank & Trust Co grew its stake in shares of Honeywell International by 161.0% in the second quarter. Capital Bank & Trust Co now owns 2,814 shares of the conglomerate’s stock valued at $491,000 after buying an additional 1,736 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its stake in shares of Honeywell International by 69.0% in the second quarter. Marshall Wace North America L.P. now owns 280,444 shares of the conglomerate’s stock valued at $48,963,000 after buying an additional 114,479 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

HON stock traded up $1.09 during trading on Friday, hitting $167.86. The company had a trading volume of 77,911 shares, compared to its average volume of 3,059,558. The business has a 50-day moving average of $165.56 and a 200-day moving average of $167.01. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The stock has a market cap of $119.77 billion, a PE ratio of 20.92, a PEG ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. Honeywell International’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 earnings per share. Research analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $0.82 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 1.95%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

A number of research analysts recently commented on HON shares. Citigroup boosted their price target on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays upped their price objective on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Credit Suisse Group upped their price objective on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $183.58.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the transaction, the chief executive officer now owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. Insiders sold a total of 25,133 shares of company stock valued at $4,141,655 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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