Securian Asset Management Inc Buys 543 Shares of Honeywell International Inc. (NYSE:HON)

Securian Asset Management Inc raised its stake in Honeywell International Inc. (NYSE:HON) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,938 shares of the conglomerate’s stock after acquiring an additional 543 shares during the quarter. Securian Asset Management Inc’s holdings in Honeywell International were worth $13,258,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Management Inc. raised its holdings in Honeywell International by 4.9% in the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock valued at $4,182,000 after acquiring an additional 1,220 shares during the period. Ibex Wealth Advisors bought a new position in shares of Honeywell International during the second quarter worth approximately $142,000. Rockland Trust Co. increased its holdings in shares of Honeywell International by 10.5% during the second quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after purchasing an additional 222 shares during the period. Westside Investment Management Inc. bought a new position in shares of Honeywell International during the second quarter worth approximately $48,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Honeywell International by 513.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock worth $4,704,000 after purchasing an additional 22,556 shares during the period. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Darius Adamczyk sold 7,149 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the sale, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Shares of NYSE HON traded down $1.19 during trading hours on Tuesday, hitting $164.67. 526,778 shares of the stock were exchanged, compared to its average volume of 2,260,079. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The company has a market cap of $118.74 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. The company’s fifty day simple moving average is $171.46 and its two-hundred day simple moving average is $164.88. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $178.47.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. As a group, sell-side analysts expect that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio is 40.95%.

HON has been the topic of several recent research reports. Cowen reaffirmed a “buy” rating and set a $180.00 target price on shares of Honeywell International in a report on Friday, August 2nd. Credit Suisse Group raised their target price on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Barclays raised their target price on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a report on Monday, July 22nd. Finally, Citigroup set a $197.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $184.08.

About Honeywell International

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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