Nicolet Bankshares Inc. Acquires 352 Shares of Honeywell International Inc. (NYSE:HON)

Nicolet Bankshares Inc. lifted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 5.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,157 shares of the conglomerate’s stock after purchasing an additional 352 shares during the period. Nicolet Bankshares Inc.’s holdings in Honeywell International were worth $1,570,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HON. BlackRock Inc. grew its holdings in shares of Honeywell International by 2.0% during the first quarter. BlackRock Inc. now owns 43,674,802 shares of the conglomerate’s stock worth $9,480,489,000 after purchasing an additional 839,066 shares during the last quarter. Capital International Investors grew its holdings in shares of Honeywell International by 11.7% during the first quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock worth $1,704,272,000 after purchasing an additional 824,893 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in Honeywell International by 12,809.4% in the first quarter. Voloridge Investment Management LLC now owns 558,719 shares of the conglomerate’s stock valued at $121,281,000 after acquiring an additional 554,391 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in Honeywell International by 54.2% in the second quarter. Lord Abbett & CO. LLC now owns 1,521,762 shares of the conglomerate’s stock valued at $333,799,000 after acquiring an additional 535,129 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Honeywell International by 16.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,863,177 shares of the conglomerate’s stock valued at $621,510,000 after acquiring an additional 412,313 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

Shares of NYSE HON traded down $2.57 during mid-day trading on Monday, reaching $215.92. 100,522 shares of the company’s stock were exchanged, compared to its average volume of 2,738,274. The business has a fifty day simple moving average of $228.64 and a 200 day simple moving average of $224.00. Honeywell International Inc. has a twelve month low of $156.85 and a twelve month high of $236.86. The firm has a market capitalization of $149.07 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.57 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.08. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The business had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the firm earned $1.26 EPS. Honeywell International’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, August 12th. Honeywell International’s dividend payout ratio is presently 52.39%.

In other Honeywell International news, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the completion of the transaction, the chief executive officer now directly owns 3,495 shares in the company, valued at $808,323.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Darius Adamczyk sold 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total value of $6,627,614.87. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a report on Monday, July 26th. Barclays raised their price target on Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a report on Monday, July 26th. Robert W. Baird raised their target price on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $231.62.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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