Locust Wood Capital Advisers LLC Has $32.41 Million Stake in Honeywell International Inc. (NYSE:HON)

Locust Wood Capital Advisers LLC decreased its position in shares of Honeywell International Inc. (NYSE:HON) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,625 shares of the conglomerate’s stock after selling 6,905 shares during the period. Honeywell International comprises 2.4% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 14th biggest position. Locust Wood Capital Advisers LLC’s holdings in Honeywell International were worth $32,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after buying an additional 478,988 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Honeywell International by 8.5% during the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after buying an additional 544,684 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Honeywell International by 5.6% during the fourth quarter. Legal & General Group Plc now owns 3,586,190 shares of the conglomerate’s stock worth $473,778,000 after buying an additional 191,120 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after buying an additional 2,539,617 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Honeywell International by 146.7% during the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after buying an additional 1,308,339 shares in the last quarter. 76.86% of the stock is owned by institutional investors.

A number of analysts recently weighed in on HON shares. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a report on Monday, July 22nd. Jefferies Financial Group raised their price target on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday, July 19th. Barclays raised their price target on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Royal Bank of Canada set a $177.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $184.08.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Shares of Honeywell International stock opened at $168.01 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $124.09 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.30 and a beta of 1.09. The firm has a 50 day moving average of $174.36. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same period last year, the firm earned $2.12 earnings per share. The business’s revenue for the quarter was down 15.3% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 1.95%. Honeywell International’s payout ratio is presently 40.95%.

Honeywell International 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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