Homrich & Berg Purchases 989 Shares of Honeywell International Inc. (NYSE:HON)

Homrich & Berg increased its position in Honeywell International Inc. (NYSE:HON) by 3.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 26,430 shares of the conglomerate’s stock after buying an additional 989 shares during the quarter. Homrich & Berg’s holdings in Honeywell International were worth $5,737,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Honeywell International by 2.0% in the first quarter. BlackRock Inc. now owns 43,674,802 shares of the conglomerate’s stock worth $9,480,489,000 after acquiring an additional 839,066 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Honeywell International by 28.2% in the first quarter. Alliancebernstein L.P. now owns 3,771,775 shares of the conglomerate’s stock worth $818,739,000 after buying an additional 829,207 shares during the period. Capital International Investors grew its position in shares of Honeywell International by 11.7% during the first quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock worth $1,704,272,000 after purchasing an additional 824,893 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of Honeywell International by 12,809.4% during the first quarter. Voloridge Investment Management LLC now owns 558,719 shares of the conglomerate’s stock worth $121,281,000 after purchasing an additional 554,391 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Honeywell International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock valued at $2,167,460,000 after buying an additional 477,569 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

In related news, VP Anne T. Madden sold 8,885 shares of the company’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $223.22, for a total value of $1,983,309.70. Following the completion of the transaction, the vice president now owns 50,658 shares of the company’s stock, valued at approximately $11,307,878.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

A number of brokerages have recently commented on HON. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $233.00 target price for the company in a report on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $246.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, July 14th. Barclays boosted their target price on Honeywell International from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. Credit Suisse Group boosted their price target on Honeywell International from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, April 26th. Finally, Morgan Stanley boosted their price target on Honeywell International from $230.00 to $246.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $221.07.

Shares of HON stock traded up $0.64 on Thursday, hitting $232.49. The company had a trading volume of 44,298 shares, compared to its average volume of 3,994,283. The stock has a market capitalization of $161.48 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 2.71 and a beta of 1.15. The company’s 50-day simple moving average is $223.79. The company has a current ratio of 1.43, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. Honeywell International Inc. has a twelve month low of $146.21 and a twelve month high of $234.02.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.12. The company had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Honeywell International had a return on equity of 26.51% and a net margin of 14.18%. Honeywell International’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 EPS. As a group, sell-side analysts predict that Honeywell International Inc. will post 8.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 4th. Investors of record on Friday, May 14th were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $3.72 dividend on an annualized basis and a yield of 1.60%. Honeywell International’s payout ratio is 52.39%.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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