NTV Asset Management LLC Acquires 55 Shares of Honeywell International Inc. (NASDAQ:HON)

NTV Asset Management LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,722 shares of the conglomerate’s stock after purchasing an additional 55 shares during the period. NTV Asset Management LLC’s holdings in Honeywell International were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after purchasing an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after buying an additional 926,531 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Honeywell International by 853.0% in the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after buying an additional 794,489 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after acquiring an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after acquiring an additional 375,158 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of HON traded up $2.17 during mid-day trading on Friday, hitting $195.81. 2,251,381 shares of the company traded hands, compared to its average volume of 2,992,784. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a 50-day moving average price of $197.66 and a two-hundred day moving average price of $196.74. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The stock has a market cap of $127.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.07 EPS. Equities analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $215.71.

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.