Cable Hill Partners LLC Takes Position in Honeywell International Inc. (NYSE:HON)

Cable Hill Partners LLC purchased a new stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,643 shares of the conglomerate’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.5% during the second quarter. Vanguard Group Inc. now owns 56,017,241 shares of the conglomerate’s stock valued at $12,287,383,000 after acquiring an additional 300,010 shares during the period. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 7.0% during the second quarter. Geode Capital Management LLC now owns 11,328,599 shares of the conglomerate’s stock valued at $2,478,147,000 after acquiring an additional 740,044 shares during the period. Capital International Investors lifted its stake in shares of Honeywell International by 11.7% during the first quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock valued at $1,704,272,000 after acquiring an additional 824,893 shares during the period. Ameriprise Financial Inc. lifted its stake in Honeywell International by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 7,116,847 shares of the conglomerate’s stock valued at $1,545,155,000 after buying an additional 251,419 shares during the period. Finally, Royal Bank of Canada lifted its stake in Honeywell International by 3.7% in the first quarter. Royal Bank of Canada now owns 5,035,677 shares of the conglomerate’s stock valued at $1,093,094,000 after buying an additional 178,920 shares during the period. 75.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, July 26th. Robert W. Baird increased their target price on Honeywell International from $247.00 to $251.00 and gave the company an “outperform” rating in a research note on Monday, July 26th. Royal Bank of Canada increased their target price on Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a research note on Monday, July 26th. Wells Fargo & Company assumed coverage on Honeywell International in a research note on Thursday, October 7th. They issued an “equal weight” rating and a $229.00 target price on the stock. Finally, Barclays increased their target price on Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a research note on Monday, July 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $230.21.

Shares of NYSE:HON traded up $2.85 during mid-day trading on Thursday, reaching $218.43. 56,008 shares of the stock were exchanged, compared to its average volume of 2,697,996. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $150.80 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.57 and a beta of 1.16. Honeywell International Inc. has a one year low of $159.42 and a one year high of $236.86. The stock’s 50 day simple moving average is $223.73 and its 200-day simple moving average is $224.47.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.08. The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.66 billion. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. Honeywell International’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Analysts anticipate that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, November 10th. This is an increase from Honeywell International’s previous quarterly dividend of $0.93. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.79%. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.

In other news, CEO Darius Adamczyk sold 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $231.97, for a total value of $6,627,614.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $231.28, for a total value of $2,488,341.52. Following the completion of the sale, the chief executive officer now directly owns 3,495 shares of the company’s stock, valued at $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

About Honeywell International

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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