CHICAGO TRUST Co NA Boosts Stake in Honeywell International Inc. (NYSE:HON)

CHICAGO TRUST Co NA grew its stake in Honeywell International Inc. (NYSE:HON) by 2.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,680 shares of the conglomerate’s stock after buying an additional 324 shares during the period. CHICAGO TRUST Co NA’s holdings in Honeywell International were worth $2,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Joseph P. Lucia & Associates LLC purchased a new position in shares of Honeywell International in the first quarter worth $25,000. Lenox Wealth Advisors LLC raised its holdings in shares of Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Honeywell International during the second quarter worth $25,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Honeywell International during the first quarter worth $29,000. Finally, Mcmillion Capital Management Inc. purchased a new position in shares of Honeywell International during the second quarter worth $31,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Barclays raised their target price on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Cowen reissued a “buy” rating and set a $180.00 target price on shares of Honeywell International in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average price target of $185.40.

Shares of Honeywell International stock traded up $1.22 during trading on Wednesday, hitting $159.84. 1,655,240 shares of the company’s stock were exchanged, compared to its average volume of 2,740,094. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The business has a 50-day simple moving average of $165.12 and a 200-day simple moving average of $168.07. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The stock has a market capitalization of $117.41 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.18 and a beta of 1.10.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post 8.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

In related news, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the sale, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is owned by company insiders.

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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