Pendal Group Ltd Has $4.08 Million Holdings in Honeywell International Inc. (NYSE:HON)

Pendal Group Ltd raised its position in shares of Honeywell International Inc. (NYSE:HON) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,669 shares of the conglomerate’s stock after purchasing an additional 3,738 shares during the quarter. Pendal Group Ltd’s holdings in Honeywell International were worth $4,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cordasco Financial Network purchased a new stake in Honeywell International during the 1st quarter worth $25,000. Capital Financial Planning LLC bought a new position in Honeywell International in the 4th quarter worth about $26,000. Canton Hathaway LLC boosted its holdings in shares of Honeywell International by 289.1% in the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 159 shares in the last quarter. Riverview Trust Co bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $31,000. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 75.68% of the company’s stock.

In other news, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

HON has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Deutsche Bank upped their price target on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Credit Suisse Group increased their target price on shares of Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus target price of $175.57.

Honeywell International stock traded up $2.22 during mid-day trading on Monday, reaching $176.81. The company had a trading volume of 1,611,266 shares, compared to its average volume of 2,813,538. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $177.36. The stock’s 50 day simple moving average is $170.64. The stock has a market cap of $128.32 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.95 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, May 23rd. Honeywell International’s payout ratio is 40.95%.

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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