Skopos Labs Inc. Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

Skopos Labs Inc. acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,044 shares of the conglomerate’s stock, valued at approximately $429,000.

Several other hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after buying an additional 347,808 shares during the period. Northern Trust Corp lifted its holdings in Honeywell International by 4.3% during the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock worth $1,188,533,000 after buying an additional 263,640 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Honeywell International by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after buying an additional 66,213 shares during the period. Barclays PLC lifted its holdings in Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after buying an additional 1,162,518 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Honeywell International by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock worth $518,740,000 after buying an additional 269,739 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HON shares. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Royal Bank of Canada lowered their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $215.71.

Honeywell International Stock Up 0.2 %

Honeywell International stock traded up $0.30 during midday trading on Friday, reaching $199.69. The stock had a trading volume of 2,360,667 shares, compared to its average volume of 2,620,083. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a market capitalization of $130.04 billion, a P/E ratio of 23.14, a PEG ratio of 2.30 and a beta of 1.02. The company has a fifty day moving average price of $198.51 and a two-hundred day moving average price of $198.60. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the company posted $2.07 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that Honeywell International Inc. will post 9.93 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.