TD Asset Management Inc. Increases Holdings in Honeywell International Inc. (NYSE:HON)

TD Asset Management Inc. increased its stake in Honeywell International Inc. (NYSE:HON) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,094,946 shares of the conglomerate’s stock after buying an additional 22,638 shares during the quarter. TD Asset Management Inc.’s holdings in Honeywell International were worth $191,167,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Riley Wealth Management Inc. grew its position in shares of Honeywell International by 4.9% in the first quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock valued at $4,182,000 after purchasing an additional 1,220 shares in the last quarter. Ibex Wealth Advisors purchased a new position in Honeywell International during the second quarter worth about $142,000. Rockland Trust Co. grew its position in 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 buying an additional 222 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Honeywell International during the second quarter worth about $48,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in 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 buying an additional 22,556 shares in the last quarter. Institutional investors own 77.29% of the company’s stock.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.



HON stock traded up $3.17 during mid-day trading on Tuesday, hitting $168.13. 304,232 shares of the stock were exchanged, compared to its average volume of 2,519,035. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm’s fifty day simple moving average is $172.74. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47. The company has a market cap of $119.92 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.22 and a beta of 1.09.

Honeywell International (NYSE:HON) last issued 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. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue was down 15.3% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

Several equities analysts recently commented on HON shares. Deutsche Bank boosted their target price on Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Jefferies Financial Group boosted their target price on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley boosted their target price on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Barclays boosted their target price on Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $184.08.

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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