Twin Capital Management Inc. Acquires New Shares in Honeywell International Inc. (NYSE:HON)

Twin Capital Management Inc. acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,440 shares of the conglomerate’s stock, valued at approximately $6,886,000.

A number of other hedge funds have also recently bought and sold shares of the business. Kavar Capital Partners LLC bought a new position in Honeywell International in the second quarter valued at about $210,000. Watch Point Trust Co bought a new position in Honeywell International in the second quarter valued at about $243,000. TRUE Private Wealth Advisors lifted its holdings in Honeywell International by 1.9% in the second quarter. TRUE Private Wealth Advisors now owns 7,106 shares of the conglomerate’s stock valued at $1,240,000 after acquiring an additional 133 shares during the period. Lyell Wealth Management LP lifted its holdings in Honeywell International by 3.4% in the second quarter. Lyell Wealth Management LP now owns 31,614 shares of the conglomerate’s stock valued at $5,519,000 after acquiring an additional 1,027 shares during the period. Finally, Amica Retiree Medical Trust lifted its holdings in Honeywell International by 2.0% in the second quarter. Amica Retiree Medical Trust now owns 4,992 shares of the conglomerate’s stock valued at $872,000 after acquiring an additional 100 shares during the period. 77.29% of the stock is currently owned by institutional investors.

In other news, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Honeywell International stock traded down $1.38 during trading hours on Thursday, hitting $162.66. 828,598 shares of the stock traded hands, compared to its average volume of 2,508,685. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm’s 50 day moving average price is $172.44. The firm has a market capitalization of $118.72 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $178.47.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 EPS. Sell-side analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 2.02%. Honeywell International’s payout ratio is presently 40.95%.

Several research firms have recently commented on HON. Cowen reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. Barclays lifted their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Citigroup set a $197.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Honeywell International has an average rating of “Buy” and an average price target of $184.08.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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