State of Alaska Department of Revenue Grows Stock Holdings in Honeywell International Inc. (NYSE:HON)

State of Alaska Department of Revenue raised its stake in Honeywell International Inc. (NYSE:HON) by 51.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,780 shares of the conglomerate’s stock after buying an additional 50,621 shares during the period. State of Alaska Department of Revenue’s holdings in Honeywell International were worth $25,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Lau Associates LLC boosted its position in Honeywell International by 17.6% in the 3rd quarter. Lau Associates LLC now owns 2,008 shares of the conglomerate’s stock valued at $340,000 after buying an additional 300 shares during the period. Rowland & Co. Investment Counsel ADV raised its holdings in shares of Honeywell International by 3.5% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 3,943 shares of the conglomerate’s stock valued at $668,000 after purchasing an additional 134 shares in the last quarter. Orrstown Financial Services Inc. raised its holdings in shares of Honeywell International by 13.0% in the 3rd quarter. Orrstown Financial Services Inc. now owns 1,431 shares of the conglomerate’s stock valued at $235,000 after purchasing an additional 165 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Honeywell International by 2.3% in the 2nd quarter. Macquarie Group Ltd. now owns 368,298 shares of the conglomerate’s stock valued at $64,302,000 after purchasing an additional 8,382 shares in the last quarter. Finally, Bridger Capital Management LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $1,002,000. 75.77% of the stock is owned by institutional investors.

Shares of NYSE HON traded up $0.20 during trading hours on Thursday, hitting $161.28. 1,314,084 shares of the stock were exchanged, compared to its average volume of 3,027,754. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The company has a market cap of $121.74 billion, a PE ratio of 20.13, a PEG ratio of 2.25 and a beta of 1.10. The firm has a fifty day moving average price of $165.54 and a 200-day moving average price of $167.87. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during 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%. Honeywell International’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.12 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 8.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is 40.95%.

Several research firms have recently commented on HON. 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. Morgan Stanley reduced their price target on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Jefferies Financial Group boosted 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. Credit Suisse Group boosted their price target on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Zacks Investment Research upgraded 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. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $185.40.

In related news, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the transaction, the director now owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,133 shares of company stock valued at $4,141,655. 0.73% of the stock is currently owned by company insiders.

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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