Starfire Investment Advisers Inc. grew its stake in shares of Honeywell International Inc. (NYSE:HON) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,533 shares of the conglomerate’s stock after buying an additional 285 shares during the period. Starfire Investment Advisers Inc.’s holdings in Honeywell International were worth $428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Belpointe Asset Management LLC grew its holdings in shares of Honeywell International by 104.0% during the first quarter. Belpointe Asset Management LLC now owns 5,623 shares of the conglomerate’s stock worth $893,000 after purchasing an additional 2,866 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Honeywell International during the first quarter worth about $155,000. Clearbridge Investments LLC grew its holdings in shares of Honeywell International by 8.5% during the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after purchasing an additional 544,684 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Honeywell International by 7.4% during the first quarter. Diversified Trust Co now owns 12,165 shares of the conglomerate’s stock worth $1,933,000 after purchasing an additional 842 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Honeywell International by 9.4% during the first quarter. Rehmann Capital Advisory Group now owns 3,560 shares of the conglomerate’s stock worth $566,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 75.83% of the company’s stock.

HON traded up $0.48 during midday trading on Tuesday, hitting $163.46. The stock had a trading volume of 208,008 shares, compared to its average volume of 2,594,340. The company has a market cap of $117.66 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The business has a fifty day moving average of $165.33 and a 200 day moving average of $168.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $178.47.

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 business had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. Honeywell International’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 earnings per share. On average, equities research analysts anticipate that Honeywell International Inc. will post 8.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.20%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is presently 40.95%.

In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the sale, the director now owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders sold 25,133 shares of company stock valued at $4,141,655 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

HON has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup boosted their price objective on Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a report on Monday, September 9th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Cowen reaffirmed a “buy” rating and issued a $180.00 target price on shares of Honeywell International in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $184.09.

About Honeywell International

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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