Investec Asset Management PTY Ltd Increases Stake in Honeywell International Inc. (HON)

Investec Asset Management PTY Ltd lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,917 shares of the conglomerate’s stock after acquiring an additional 244 shares during the period. Investec Asset Management PTY Ltd’s holdings in Honeywell International were worth $935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Bristlecone Advisors LLC lifted its holdings in shares of Honeywell International by 11.0% during the first quarter. Bristlecone Advisors LLC now owns 14,031 shares of the conglomerate’s stock worth $2,230,000 after purchasing an additional 1,388 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Honeywell International during the first quarter worth $5,757,000. McGuire Investment Group LLC lifted its holdings in shares of Honeywell International by 17.8% during the first quarter. McGuire Investment Group LLC now owns 22,678 shares of the conglomerate’s stock worth $3,604,000 after purchasing an additional 3,430 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of Honeywell International by 8.2% during the first quarter. Tradewinds Capital Management LLC now owns 12,816 shares of the conglomerate’s stock worth $2,037,000 after purchasing an additional 969 shares during the period. Finally, Boston Advisors LLC lifted its holdings in shares of Honeywell International by 1.1% during the first quarter. Boston Advisors LLC now owns 9,069 shares of the conglomerate’s stock worth $1,441,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 75.46% of the company’s stock.

In other news, insider Timothy O. Mahoney sold 73,352 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the transaction, the insider now owns 305,505 shares in the company, valued at $47,139,421.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.73% of the company’s stock.



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

Honeywell International stock opened at $169.60 on Wednesday. Honeywell International Inc. has a one year low of $123.48 and a one year high of $174.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01. The firm has a market capitalization of $123.42 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.30 and a beta of 1.12.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same quarter last year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. On average, analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, May 23rd. Honeywell International’s dividend payout ratio is currently 40.95%.

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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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