Honeywell International Inc. (NYSE:HON) Holdings Lifted by New England Asset Management Inc.

New England Asset Management Inc. boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 467.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,260 shares of the conglomerate’s stock after purchasing an additional 2,685 shares during the quarter. New England Asset Management Inc.’s holdings in Honeywell International were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV grew its position in shares of Honeywell International by 4.7% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after buying an additional 6,316 shares during the period. Parsec Financial Management Inc. grew its position in shares of Honeywell International by 24.5% in the 2nd quarter. Parsec Financial Management Inc. now owns 1,982 shares of the conglomerate’s stock valued at $286,000 after purchasing an additional 390 shares during the period. Riverhead Capital Management LLC grew its position in shares of Honeywell International by 38.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 17,874 shares of the conglomerate’s stock valued at $2,575,000 after purchasing an additional 4,975 shares during the period. Perigon Wealth Management LLC grew its position in shares of Honeywell International by 62.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 13,558 shares of the conglomerate’s stock valued at $1,953,000 after purchasing an additional 5,228 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Honeywell International by 10.8% in the 2nd quarter. Captrust Financial Advisors now owns 15,342 shares of the conglomerate’s stock valued at $2,210,000 after purchasing an additional 1,493 shares during the period. 74.60% of the stock is owned by hedge funds and other institutional investors.

HON has been the subject of several research analyst reports. Citigroup boosted their price objective on Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. Barclays boosted their target price on Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a research note on Monday, July 23rd. Cowen restated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research note on Friday, August 24th. Finally, Deutsche Bank set a $166.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Thursday, July 12th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $173.84.

Shares of Honeywell International stock opened at $164.86 on Tuesday. Honeywell International Inc. has a 12-month low of $139.51 and a 12-month high of $167.72. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The company has a market cap of $123.57 billion, a PE ratio of 23.19, a P/E/G ratio of 1.93 and a beta of 0.99.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.82 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, November 15th. Honeywell International’s dividend payout ratio is 41.91%.

In related news, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the sale, the insider now directly owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares in the company, valued at $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Honeywell International Company 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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