Sava Penzisko Drushtvo A.D. Skopje Takes Position in Honeywell International Inc. $HON

Sava Penzisko Drushtvo A.D. Skopje acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,058 shares of the conglomerate’s stock, valued at approximately $6,748,000. Honeywell International comprises about 2.2% of Sava Penzisko Drushtvo A.D. Skopje’s portfolio, making the stock its 20th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Close Asset Management Ltd lifted its stake in Honeywell International by 37.2% during the third quarter. Close Asset Management Ltd now owns 52,037 shares of the conglomerate’s stock worth $10,953,000 after purchasing an additional 14,122 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of Honeywell International by 4.7% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,650 shares of the conglomerate’s stock valued at $524,000 after purchasing an additional 120 shares during the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of Honeywell International by 12.3% during the 3rd quarter. Hohimer Wealth Management LLC now owns 4,083 shares of the conglomerate’s stock valued at $859,000 after buying an additional 446 shares in the last quarter. Choreo LLC lifted its position in Honeywell International by 0.4% in the 3rd quarter. Choreo LLC now owns 27,592 shares of the conglomerate’s stock worth $5,808,000 after buying an additional 103 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its position in Honeywell International by 41.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 1,428 shares of the conglomerate’s stock worth $301,000 after buying an additional 418 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HON. Bank of America reiterated an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. TD Cowen reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Jefferies Financial Group lifted their target price on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Robert W. Baird upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, HSBC reduced their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.50.

Honeywell International Price Performance

Shares of HON stock opened at $240.88 on Friday. The firm has a market cap of $153.12 billion, a P/E ratio of 30.15, a P/E/G ratio of 3.51 and a beta of 0.94. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $246.00. The business’s 50 day moving average price is $220.19 and its 200-day moving average price is $210.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the company earned $2.47 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.