Pennsylvania Trust Co Acquires 5,574 Shares of Honeywell International Inc. (HON)

Pennsylvania Trust Co raised its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 130,992 shares of the conglomerate’s stock after acquiring an additional 5,574 shares during the quarter. Pennsylvania Trust Co’s holdings in Honeywell International were worth $20,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Oregon Public Employees Retirement Fund lifted its holdings in Honeywell International by 12,075.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after purchasing an additional 21,985,685 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Honeywell International during the fourth quarter valued at about $260,607,000. Millennium Management LLC lifted its holdings in Honeywell International by 146.7% during the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock valued at $290,691,000 after purchasing an additional 1,308,339 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Honeywell International by 117.8% during the fourth quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock valued at $187,139,000 after purchasing an additional 766,200 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in Honeywell International by 51.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock valued at $217,023,000 after purchasing an additional 557,009 shares during the last quarter. 75.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Honeywell International stock opened at $168.16 on Wednesday. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $174.34. The stock has a market capitalization of $124.00 billion, a PE ratio of 20.99, a PEG ratio of 2.30 and a beta of 1.12. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45.



Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.09. The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. Honeywell International’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 8.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 23rd. Honeywell International’s dividend payout ratio (DPR) is 40.95%.

A number of brokerages have recently issued reports on HON. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Credit Suisse Group increased their price target on shares of Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. Morgan Stanley increased their price target on shares of Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a report on Monday, April 22nd. Finally, Deutsche Bank increased their price target on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $175.20.

In related news, insider Timothy O. Mahoney sold 73,352 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the transaction, the insider now directly owns 305,505 shares in the company, valued at $47,139,421.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

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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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