Capitolis Liquid Global Markets LLC Invests $18.10 Million in Honeywell International Inc. $HON

Key Points

• Capitolis Liquid Global Markets LLC purchased a new stake of 86,000 Honeywell shares valued at about $18.10 million in Q3, and several other large funds also increased positions, leaving institutional investors with a 75.91% ownership stake.
• Company insiders sold 18,190 shares worth $4.24 million in the last quarter — including VP Robert D. Mailloux and Director D. Scott Davis — leaving insiders with only 0.20% ownership.
• Honeywell beat quarterly estimates with $2.59 EPS and $10.07 billion in revenue, and analysts have raised targets (Deutsche Bank/Wolfe to roughly $292–$293), producing a consensus rating of Moderate Buy and an average price target of $251.65.

Capitolis Liquid Global Markets LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 86,000 shares of the conglomerate's stock, valued at approximately $18,103,000.

A number of other hedge funds also recently bought and sold shares of the business. Laurel Wealth Advisors LLC raised its stake in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate's stock worth $865,506,000 after buying an additional 3,700,786 shares during the period. Franklin Resources Inc. lifted its position in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate's stock valued at $2,146,372,000 after buying an additional 2,277,234 shares in the last quarter. Marshall Wace LLP grew its stake in Honeywell International by 130.0% in the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate's stock valued at $388,379,000 after acquiring an additional 1,042,972 shares during the period. Two Sigma Investments LP increased its holdings in Honeywell International by 424.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate's stock worth $242,865,000 after acquiring an additional 933,694 shares in the last quarter. Finally, Boston Partners increased its holdings in Honeywell International by 21.6% in the 3rd quarter. Boston Partners now owns 3,535,270 shares of the conglomerate's stock worth $744,054,000 after acquiring an additional 626,960 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the company's stock in a transaction 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 completion of the sale, the director owned 31,081 shares of the company's stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the company a "buy" rating in a report on Wednesday, March 4th. Wolfe Research raised shares of Honeywell International from a "peer perform" rating to an "outperform" rating and set a $293.00 price target on the stock in a research note on Friday, February 27th. Rothschild & Co Redburn boosted their price objective on Honeywell International from $222.00 to $235.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Vertical Research downgraded Honeywell International from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research report on Monday, January 5th. Finally, BNP Paribas Exane lifted their price target on Honeywell International from $195.00 to $215.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $251.65.

Honeywell International Stock Performance

HON opened at $234.50 on Friday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The firm has a market capitalization of $149.07 billion, a PE ratio of 29.35, a PEG ratio of 3.39 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm's 50-day moving average price is $229.78 and its 200 day moving average price is $212.34.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 net margin of 12.74% and a return on equity of 40.64%. 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 firm earned $2.47 EPS. Honeywell International's quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International's dividend payout ratio (DPR) is currently 59.57%.

Honeywell International Company 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.

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