Measured Wealth Private Client Group LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 45.5% during the third quarter, HoldingsChannel.com reports. The firm owned 2,435 shares of the conglomerate’s stock after selling 2,033 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Honeywell International were worth $412,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. SevenBridge Financial Group LLC lifted its stake in Honeywell International by 0.5% in the second quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock valued at $2,014,000 after buying an additional 60 shares during the period. Claro Advisors LLC increased its holdings in shares of Honeywell International by 0.8% during the second quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock valued at $1,361,000 after acquiring an additional 60 shares in the last quarter. Financial Advocates Investment Management increased its holdings in shares of Honeywell International by 0.8% during the second quarter. Financial Advocates Investment Management now owns 7,309 shares of the conglomerate’s stock valued at $1,276,000 after acquiring an additional 60 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in shares of Honeywell International by 1.4% during the second quarter. Ontario Teachers Pension Plan Board now owns 4,292 shares of the conglomerate’s stock valued at $749,000 after acquiring an additional 60 shares in the last quarter. Finally, Claraphi Advisory Network LLC increased its holdings in shares of Honeywell International by 1.3% during the second quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after acquiring an additional 61 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the sale, the chairman now owns 75,521 shares in the company, valued at $12,467,006.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following 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 have sold 25,133 shares of company stock valued at $4,141,655 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.
HON has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the company 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 company a “buy” rating in a report on Monday, September 9th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $185.27.
Shares of NYSE HON traded up $3.91 during midday trading on Friday, hitting $164.88. 37,541 shares of the stock traded hands, compared to its average volume of 2,783,398. The company has a market cap of $114.13 billion, a PE ratio of 20.55, a P/E/G ratio of 2.11 and a beta of 1.10. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The business has a 50 day moving average price of $165.05 and a two-hundred day moving average price of $168.10. 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 (NYSE:HON) last announced its quarterly 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. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. Honeywell International’s revenue was down 15.3% compared to the same quarter last year. As a group, equities research analysts forecast that Honeywell International Inc. will post 8.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.18%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio is 40.95%.
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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