Entropy Technologies LP Has $12.73 Million Holdings in Honeywell International Inc. $HON

Key Points

• Entropy Technologies LP increased its stake in Honeywell by 95.1% in Q3, owning 60,478 shares valued at $12.73 million, making HON its 7th-largest holding (~1.0% of the fund's portfolio).
• Honeywell recently beat quarterly expectations with $2.59 EPS and $10.07 billion revenue, announced a $1.19 quarterly dividend (2.0% yield), and holds an average analyst rating of “Moderate Buy” with a $251.65 target price.

Entropy Technologies LP grew its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 95.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 60,478 shares of the conglomerate's stock after buying an additional 29,473 shares during the period. Honeywell International makes up about 1.0% of Entropy Technologies LP's investment portfolio, making the stock its 7th largest holding. Entropy Technologies LP's holdings in Honeywell International were worth $12,731,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Certuity LLC increased its position in shares of Honeywell International by 125.4% during the third quarter. Certuity LLC now owns 2,646 shares of the conglomerate's stock valued at $557,000 after acquiring an additional 1,472 shares in the last quarter. South Plains Financial Inc. lifted its position in Honeywell International by 2.4% in the 3rd quarter. South Plains Financial Inc. now owns 6,071 shares of the conglomerate's stock valued at $1,278,000 after acquiring an additional 145 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in Honeywell International by 15.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 16,469 shares of the conglomerate's stock valued at $3,467,000 after purchasing an additional 2,198 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Honeywell International during the 3rd quarter valued at $11,180,000. Finally, Invesco Ltd. increased its holdings in shares of Honeywell International by 11.0% in the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate's stock worth $1,287,408,000 after purchasing an additional 605,600 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Down 2.5%

HON stock opened at $233.40 on Friday. The business's 50-day moving average price is $229.01 and its 200-day moving average price is $212.31. The stock has a market cap of $148.37 billion, a P/E ratio of 29.21, a PEG ratio of 3.47 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $9.60 billion. During the same period in the prior year, the firm posted $2.47 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International's dividend payout ratio (DPR) is presently 59.57%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 value of $568,080.00. Following the sale, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 18,190 shares of company stock worth $4,244,287 over the last 90 days. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Argus upped their price target on Honeywell International from $250.00 to $290.00 and gave the company a "buy" rating in a report on Wednesday, February 18th. BNP Paribas Exane boosted their target price on Honeywell International from $195.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Jefferies Financial Group upped their target price on shares of Honeywell International from $240.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, March 4th. Morgan Stanley lifted their price target on shares of Honeywell International from $235.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $251.65.

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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