Syon Capital LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,157 shares of the conglomerate’s stock, valued at approximately $1,320,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. J. Stern & Co. LLP raised its position in Honeywell International by 22,704.6% in the 4th quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock worth $10,380,552,000 after purchasing an additional 52,975,716 shares during the period. Bank of New York Mellon Corp purchased a new stake in Honeywell International during the second quarter valued at about $732,869,000. Diamant Asset Management Inc. bought a new position in shares of Honeywell International during the first quarter valued at about $496,693,000. Mizuho Markets Americas LLC grew its stake in shares of Honeywell International by 921.0% during the fourth quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate’s stock valued at $398,374,000 after buying an additional 1,842,000 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Honeywell International in the fourth quarter worth about $248,040,000. Institutional investors own 75.91% of the company’s stock.
Honeywell International Stock Up 1.0%
NASDAQ HON opened at $209.61 on Friday. Honeywell International Inc. has a 1 year low of $196.59 and a 1 year high of $261.24. The stock has a market capitalization of $66.43 billion, a PE ratio of 8.10, a PEG ratio of 3.51 and a beta of 0.87. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93. The business’s 50-day moving average is $228.64 and its 200 day moving average is $228.06.
Honeywell International Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 14th were issued a $0.70 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.80 annualized dividend and a yield of 1.3%. Honeywell International’s dividend payout ratio is 36.80%.
Insider Activity at Honeywell International
In other news, CEO Kenneth West sold 316 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $245.47, for a total value of $77,568.52. Following the completion of the sale, the chief executive officer directly owned 2,004 shares of the company’s stock, valued at approximately $491,921.88. This trade represents a 13.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.
Wall Street Analysts Forecast Growth
HON has been the subject of a number of recent research reports. Weiss Ratings lowered Honeywell International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Barclays decreased their price target on Honeywell International from $251.00 to $239.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 10th. Mizuho boosted their price objective on Honeywell International from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Rothschild & Co Redburn dropped their price objective on Honeywell International from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, Jefferies Financial Group began coverage on shares of Honeywell International in a report on Monday, August 17th. They issued a “hold” rating and a $255.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $254.04.
Read Our Latest Analysis on HON
Honeywell International Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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