Connective Portfolio Management LLC Buys Shares of 20,030 Honeywell International Inc. (NASDAQ:HON)

Connective Portfolio Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,030 shares of the conglomerate’s stock, valued at approximately $4,140,000. Honeywell International comprises about 4.6% of Connective Portfolio Management LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Symmetry Investments LP acquired a new position in Honeywell International during the 4th quarter worth approximately $384,000. MGO One Seven LLC grew its stake in shares of Honeywell International by 8.3% in the 4th quarter. MGO One Seven LLC now owns 7,594 shares of the conglomerate’s stock valued at $1,593,000 after purchasing an additional 581 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $861,000. Oribel Capital Management LP purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $22,103,000. Finally, Jacobi Capital Management LLC increased its stake in Honeywell International by 1.7% in the 4th quarter. Jacobi Capital Management LLC now owns 6,260 shares of the conglomerate’s stock valued at $1,313,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $2.40 during midday trading on Wednesday, hitting $209.40. 269,373 shares of the company’s stock were exchanged, compared to its average volume of 2,791,320. The company’s 50 day moving average price is $202.90 and its 200 day moving average price is $203.97. The firm has a market capitalization of $136.36 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. Morgan Stanley began coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Finally, Wells Fargo & Company dropped their target price on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $222.13.

Honeywell International Profile

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.