2,285 Shares in Honeywell (HON) Acquired by InterOcean Capital LLC

InterOcean Capital LLC acquired a new position in Honeywell (NYSE:HON) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,285 shares of the conglomerate’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Webster Bank N. A. increased its holdings in shares of Honeywell by 3.5% in the fourth quarter. Webster Bank N. A. now owns 9,175 shares of the conglomerate’s stock worth $1,407,000 after buying an additional 314 shares during the period. IFC Holdings Incorporated FL increased its holdings in Honeywell by 15.4% during the 4th quarter. IFC Holdings Incorporated FL now owns 2,367 shares of the conglomerate’s stock valued at $365,000 after purchasing an additional 316 shares during the period. Congress Asset Management Co. MA increased its holdings in Honeywell by 19.0% during the 4th quarter. Congress Asset Management Co. MA now owns 2,040 shares of the conglomerate’s stock valued at $313,000 after purchasing an additional 325 shares during the period. SVA Plumb Wealth Management LLC increased its holdings in Honeywell by 1.0% during the 4th quarter. SVA Plumb Wealth Management LLC now owns 33,844 shares of the conglomerate’s stock valued at $5,190,000 after purchasing an additional 342 shares during the period. Finally, Brave Asset Management Inc. increased its holdings in Honeywell by 3.6% during the 4th quarter. Brave Asset Management Inc. now owns 10,202 shares of the conglomerate’s stock valued at $1,565,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Honeywell opened at $151.20 on Friday, Marketbeat reports. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The company has a market cap of $113.41 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.04 and a beta of 0.97. Honeywell has a fifty-two week low of $131.42 and a fifty-two week high of $165.13.



Honeywell (NYSE:HON) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.06. The business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS. analysts forecast that Honeywell will post 8.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 annualized dividend and a yield of 1.97%. Honeywell’s payout ratio is 41.91%.

In other news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $150.59, for a total value of $515,921.34. Following the sale, the director now directly owns 43,773 shares of the company’s stock, valued at approximately $6,591,776.07. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 114,489 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $150.20, for a total value of $17,196,247.80. Following the completion of the sale, the insider now directly owns 314,725 shares in the company, valued at $47,271,695. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 23rd. Barclays boosted their price target on Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, April 23rd. Zacks Investment Research upgraded Honeywell from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Tuesday, April 3rd. Oppenheimer reduced their price target on Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, April 30th. Finally, TheStreet upgraded Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $167.73.

Honeywell Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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