SPX Gestao de Recursos Ltda Acquires Shares of 5,600 Honeywell International Inc. $HON

Key Points

• SPX Gestao de Recursos Ltda purchased a new stake of 5,600 shares in Honeywell in the third quarter, valued at approximately $1.179 million.
• Corporate insiders sold a total of 18,190 shares (~$4.24 million) over the last three months, including VP Robert D. Mailloux's sale of 10,549 shares and Director D. Scott Davis's sale of 2,367 shares; insiders now own 0.20% of the company.
• Honeywell beat quarterly estimates with EPS $2.59 (vs. $2.54) and revenue of $10.07B (vs. $9.60B), announced a $1.19 quarterly dividend (2.0% yield), and holds a consensus analyst rating of "Moderate Buy" with an average target of $251.22.

SPX Gestao de Recursos Ltda bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,600 shares of the conglomerate's stock, valued at approximately $1,179,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International during the second quarter worth $33,000. Barnes Dennig Private Wealth Management LLC boosted its position in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock valued at $30,000 after buying an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate's stock worth $35,000 after acquiring an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in Honeywell International during the 3rd quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm's stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value 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 trade represents a 68.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International 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 sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 over the last three months. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. Mizuho decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, January 5th. BNP Paribas Exane raised their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, February 2nd. Vertical Research lowered 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. Barclays increased their price target on shares of Honeywell International from $259.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Rothschild & Co Redburn upped their price objective on Honeywell International from $222.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $251.22.

Honeywell International Trading Down 1.3%

NASDAQ:HON opened at $235.29 on Friday. The firm has a market capitalization of $149.57 billion, a P/E ratio of 29.45, a P/E/G ratio of 3.45 and a beta of 0.92. The business has a 50 day simple moving average of $225.66 and a 200 day simple moving average of $211.78. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18.

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

Honeywell International Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International's payout ratio is currently 59.57%.

About Honeywell International

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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