ETRADE Capital Management LLC Grows Position in Honeywell International Inc. (NYSE:HON)

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ETRADE Capital Management LLC increased its holdings in Honeywell International Inc. (NYSE:HON) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,181 shares of the conglomerate’s stock after acquiring an additional 598 shares during the quarter. ETRADE Capital Management LLC’s holdings in Honeywell International were worth $5,095,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC increased its holdings in shares of Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Honeywell International by 131.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after buying an additional 1,610,006 shares during the period. Clearbridge Investments LLC increased its holdings in Honeywell International by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after buying an additional 544,684 shares during the period. Geode Capital Management LLC increased its holdings in Honeywell International by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after buying an additional 478,988 shares during the period. Finally, First Trust Advisors LP increased its holdings in Honeywell International by 92.3% in the 2nd quarter. First Trust Advisors LP now owns 673,045 shares of the conglomerate’s stock worth $117,507,000 after buying an additional 323,065 shares during the period. 75.85% of the stock is owned by institutional investors.

In other news, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the transaction, the chief executive officer now owns 28,920 shares in the company, valued at approximately $4,739,409.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold a total of 25,133 shares of company stock worth $4,141,655 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

HON has been the topic of several research reports. Jefferies Financial Group increased their price target on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a report on Monday, July 22nd. Royal Bank of Canada set a $177.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley increased their price target on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Barclays increased their price target on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $183.58.

Shares of NYSE HON traded down $1.29 during midday trading on Thursday, reaching $169.99. 62,628 shares of the stock were exchanged, compared to its average volume of 2,748,578. The firm has a market cap of $122.07 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.26 and a beta of 1.10. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The firm has a 50-day simple moving average of $166.48 and a two-hundred day simple moving average of $166.55. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the company earned $2.12 EPS. Research analysts expect that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.82 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.93%. Honeywell International’s payout ratio is 40.95%.

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.

Further Reading: Market Perform

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

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