November 10, 2019 at 5:56 pm

Fishman Jay A Ltd. MI Has $8.19 Million Stake in Honeywell International Inc. (NYSE:HON)

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Fishman Jay A Ltd. MI raised its position in Honeywell International Inc. (NYSE:HON) by 7.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 48,430 shares of the conglomerate’s stock after purchasing an additional 3,290 shares during the period. Honeywell International makes up 1.5% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 17th biggest holding. Fishman Jay A Ltd. MI’s holdings in Honeywell International were worth $8,194,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Nuveen Asset Management LLC raised its stake in shares of Honeywell International by 10,615.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock valued at $1,580,640,000 after purchasing an additional 8,968,947 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Honeywell International by 18,092.3% in the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares during the last quarter. BlackRock Inc. increased its position in shares of Honeywell International by 3.7% in the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock valued at $7,847,743,000 after acquiring an additional 1,623,768 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Honeywell International by 131.0% in the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock valued at $495,664,000 after acquiring an additional 1,610,006 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Honeywell International by 2,073.6% in the third quarter. Assenagon Asset Management S.A. now owns 573,896 shares of the conglomerate’s stock valued at $97,103,000 after acquiring an additional 547,493 shares during the last quarter. 76.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,133 shares of company stock valued at $4,141,655. Corporate insiders own 0.73% of the company’s stock.

HON has been the subject of a number of research analyst reports. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group lifted their price target on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Credit Suisse Group lifted their price target on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $185.80.

Honeywell International stock traded up $1.55 during midday trading on Friday, reaching $181.21. 1,591,013 shares of the company’s stock were exchanged, compared to its average volume of 2,742,230. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $181.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. The firm has a market cap of $129.10 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 2.41 and a beta of 1.10. The stock’s 50-day simple moving average is $168.54 and its 200 day simple moving average is $169.54.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.07. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same quarter last year, the company posted $2.03 earnings per share. Honeywell International’s quarterly revenue was down 15.6% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 8.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is currently 40.95%.

Honeywell International Company Profile

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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