Prospera Financial Services Inc Buys 344 Shares of Honeywell International Inc. (NYSE:HON)

Prospera Financial Services Inc raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,598 shares of the conglomerate’s stock after acquiring an additional 344 shares during the quarter. Prospera Financial Services Inc’s holdings in Honeywell International were worth $1,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Neville Rodie & Shaw Inc. boosted its holdings in Honeywell International by 3.9% in the second quarter. Neville Rodie & Shaw Inc. now owns 62,618 shares of the conglomerate’s stock valued at $10,932,000 after acquiring an additional 2,350 shares during the last quarter. Bath Savings Trust Co boosted its holdings in Honeywell International by 30.0% in the second quarter. Bath Savings Trust Co now owns 20,574 shares of the conglomerate’s stock valued at $3,592,000 after acquiring an additional 4,745 shares during the last quarter. Cox Capital Mgt LLC boosted its holdings in Honeywell International by 1.5% in the second quarter. Cox Capital Mgt LLC now owns 12,174 shares of the conglomerate’s stock valued at $2,125,000 after acquiring an additional 182 shares during the last quarter. Thomasville National Bank boosted its holdings in Honeywell International by 3.4% in the second quarter. Thomasville National Bank now owns 6,263 shares of the conglomerate’s stock valued at $1,093,000 after acquiring an additional 207 shares during the last quarter. Finally, Rockland Trust Co. boosted its holdings in Honeywell International by 10.5% in the second quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock valued at $408,000 after acquiring an additional 222 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

HON traded up $0.82 during trading on Thursday, hitting $170.67. The company’s stock had a trading volume of 88,139 shares, compared to its average volume of 2,724,192. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $166.32 and its 200-day moving average price is $168.57. The firm has a market capitalization of $120.71 billion, a P/E ratio of 21.29, a PEG ratio of 2.24 and a beta of 1.10.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same period in the previous year, the firm earned $2.03 earnings per share. The company’s revenue was down 15.6% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post 8.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, November 14th. Honeywell International’s dividend payout ratio is presently 40.95%.

In other news, Chairman Darius Adamczyk sold 7,149 shares of the company’s 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 transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the transaction, the chief executive officer now directly owns 28,920 shares in the company, valued at $4,739,409.60. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock worth $4,141,655 over the last ninety days. 0.73% of the stock is owned by insiders.

Several brokerages recently commented on HON. Jefferies Financial Group upped their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 target price on the stock in a report on Monday. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley boosted their price target on Honeywell International from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $185.80.

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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