iSAM Funds UK Ltd Buys Shares of 7,973 Honeywell International Inc. $HON

Key Points

• iSAM Funds UK Ltd opened a new position in Honeywell by buying 7,973 shares in Q3 valued at about $1.678 million, and institutions now own roughly 75.91% of the company.
• Recent results beat estimates: Honeywell reported $2.59 EPS (vs. $2.54 expected) and $10.07B revenue (up 6.4% YoY); analysts forecast ~10.34 EPS for the year and the average price target is $251.65 (consensus "Moderate Buy").
• Dividend and insider flow: Honeywell pays a $1.19 quarterly dividend ($4.76 annual, ~2.0% yield), while insiders have been net sellers recently (18,190 shares sold in the last 90 days, insiders own ~0.20%).

iSAM Funds UK Ltd purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,973 shares of the conglomerate's stock, valued at approximately $1,678,000.

Other institutional investors and hedge funds have also modified their holdings of the company. von Borstel & Associates Inc. bought a new position in Honeywell International in the 3rd quarter worth $208,000. NorthRock Partners LLC grew its holdings in Honeywell International by 34.8% during 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 period. Harvest Fund Management Co. Ltd increased its position in Honeywell International by 5.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 38,966 shares of the conglomerate's stock worth $8,202,000 after buying an additional 2,018 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its position in Honeywell International by 11.6% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,354 shares of the conglomerate's stock worth $917,000 after buying an additional 451 shares in the last quarter. Finally, Nicolet Bankshares Inc. raised its stake in shares of Honeywell International by 3.0% in the third quarter. Nicolet Bankshares Inc. now owns 8,033 shares of the conglomerate's stock worth $1,691,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 0.5%

Shares of HON opened at $234.50 on Friday. The business's 50 day moving average is $229.78 and its 200 day moving average is $212.41. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The company has a market capitalization of $149.07 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company posted $2.47 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.19 per share. 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 is currently 59.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Honeywell International from $240.00 to $245.00 and gave the company a "hold" rating in a research report on Wednesday, March 4th. Vertical Research cut shares of Honeywell International from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research note on Monday, January 5th. Wall Street Zen raised shares of Honeywell International to a "hold" rating in a report on Saturday, January 3rd. Citigroup increased their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Finally, Daiwa Securities Group raised their price objective on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $251.65.

Insiders Place Their Bets

In related news, Director D Scott Davis sold 2,367 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on 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 completion of the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by company insiders.

Honeywell International 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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