Cookson Peirce & Co. Inc. Boosts Stake in Honeywell International Inc. (NYSE:HON)

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Cookson Peirce & Co. Inc. raised its position in Honeywell International Inc. (NYSE:HON) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,140 shares of the conglomerate’s stock after buying an additional 328 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Honeywell International were worth $10,345,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Concentric Wealth Management LLC raised its stake in shares of Honeywell International by 9.6% in the 2nd quarter. Concentric Wealth Management LLC now owns 1,425 shares of the conglomerate’s stock valued at $249,000 after purchasing an additional 125 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $142,000. Rockland Trust Co. raised its stake in shares of Honeywell International by 10.5% in the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock valued at $408,000 after purchasing an additional 222 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Honeywell International by 513.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock valued at $4,704,000 after purchasing an additional 22,556 shares in the last quarter. Finally, Westside Investment Management Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $48,000. 76.46% of the stock is owned by institutional investors.

HON opened at $181.21 on Monday. The firm has a market cap of $129.10 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $181.99. The company’s 50-day moving average price is $168.54 and its 200 day moving average price is $169.54. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. Honeywell International’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.03 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 8.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.90 per share. 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. This represents a $3.60 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio is 40.95%.

A number of equities research analysts have recently issued reports on HON shares. Jefferies Financial Group upped their target price on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley upped their target price on shares of Honeywell International from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays upped their target price on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 target price on the stock in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $185.80.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

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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