Caption Management LLC Takes $4.99 Million Position in Honeywell International Inc. $HON

Key Points

• Caption Management LLC opened a new stake in Honeywell, buying 23,700 shares worth about $4.99 million in the third quarter, according to its 13F filing.
• Honeywell beat quarterly expectations with $2.59 EPS vs. $2.54 expected and $10.07 billion in revenue (up 6.4% YoY); analysts forecast roughly $10.34 EPS for the current fiscal year and the consensus target price is about $251.65 (Moderate Buy).
• The company pays a quarterly dividend of $1.19 (annualized $4.76, ~2.0% yield), while insiders have sold roughly 18,190 shares worth $4.24 million in the last 90 days (insider ownership 0.20%).

Caption Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,700 shares of the conglomerate's stock, valued at approximately $4,989,000.

A number of other large investors have also added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Honeywell International by 6.7% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,920 shares of the conglomerate's stock valued at $404,000 after acquiring an additional 120 shares during the period. iSAM Funds UK Ltd bought a new position in Honeywell International during the third quarter worth $1,678,000. von Borstel & Associates Inc. acquired a new position in shares of Honeywell International in the third quarter valued at $208,000. NorthRock Partners LLC increased its holdings in shares of Honeywell International by 34.8% in the third quarter. NorthRock Partners LLC now owns 13,188 shares of the conglomerate's stock valued at $2,776,000 after purchasing an additional 3,403 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Honeywell International by 5.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 38,966 shares of the conglomerate's stock valued at $8,202,000 after purchasing an additional 2,018 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.5%

Shares of HON stock opened at $234.50 on Friday. 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 stock has a market cap of $149.07 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92. The stock has a 50 day simple moving average of $229.78 and a 200 day simple moving average of $212.41. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.47 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share 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 given a $1.19 dividend. The ex-dividend date was 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 (DPR) is presently 59.57%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn raised their target price on shares of Honeywell International from $222.00 to $235.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Bank of America reiterated an "underperform" rating and issued a $205.00 price target (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Weiss Ratings restated a "hold (c+)" rating on shares of Honeywell International in a research report on Monday, December 29th. Evercore boosted their price objective on Honeywell International from $255.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Finally, Wolfe Research raised Honeywell International from a "peer perform" rating to an "outperform" rating and set a $293.00 target price on the stock in a research report on Friday, February 27th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $251.65.

Insiders Place Their Bets

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director D Scott Davis sold 2,367 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock worth $4,244,287 in the last 90 days. 0.20% of the stock is owned by company insiders.

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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