Arrowgrass Capital Partners US LP Acquires 35,000 Shares of Honeywell International Inc. (HON)

Arrowgrass Capital Partners US LP grew its holdings in Honeywell International Inc. (NYSE:HON) by 100.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,000 shares of the conglomerate’s stock after buying an additional 35,000 shares during the quarter. Arrowgrass Capital Partners US LP’s holdings in Honeywell International were worth $10,084,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth about $290,000. Robeco Institutional Asset Management B.V. increased its position in shares of Honeywell International by 81.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 61,911 shares of the conglomerate’s stock worth $8,946,000 after purchasing an additional 27,881 shares in the last quarter. Hyman Charles D increased its position in shares of Honeywell International by 2.2% during the 1st quarter. Hyman Charles D now owns 28,778 shares of the conglomerate’s stock worth $4,159,000 after purchasing an additional 608 shares in the last quarter. American International Group Inc. increased its position in shares of Honeywell International by 12.2% during the 1st quarter. American International Group Inc. now owns 269,352 shares of the conglomerate’s stock worth $38,924,000 after purchasing an additional 29,372 shares in the last quarter. Finally, Pendal Group Ltd grew its holdings in Honeywell International by 53.9% during the 1st quarter. Pendal Group Ltd now owns 106,763 shares of the conglomerate’s stock worth $15,428,000 after acquiring an additional 37,383 shares during the last quarter. Institutional investors own 74.64% of the company’s stock.

A number of brokerages have commented on HON. MED began coverage on shares of Honeywell International in a report on Thursday, July 12th. They set a “buy” rating and a $166.00 price objective on the stock. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Tuesday, July 31st. Barclays increased their price objective on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Finally, Citigroup increased their price objective on shares of Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $172.94.

Shares of NYSE HON opened at $165.11 on Friday. The stock has a market capitalization of $121.71 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International Inc. has a 1 year low of $137.18 and a 1 year high of $166.01.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.11. The company had revenue of $10.92 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. analysts expect that Honeywell International Inc. will post 8.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 17th were paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.

In other news, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now owns 16,131 shares of the company’s stock, valued at approximately $2,568,861.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Honeywell International Profile

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 International (NYSE:HON)

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