Eads & Heald Investment Counsel Cuts Stake in Honeywell International Inc. (HON)

Eads & Heald Investment Counsel reduced its position in Honeywell International Inc. (NYSE:HON) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,474 shares of the conglomerate’s stock after selling 660 shares during the quarter. Eads & Heald Investment Counsel’s holdings in Honeywell International were worth $1,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jolley Asset Management LLC boosted its holdings in Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the period. Hanson McClain Inc. boosted its holdings in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the period. Enterprise Financial Services Corp boosted its holdings in Honeywell International by 48.4% during the 2nd quarter. Enterprise Financial Services Corp now owns 923 shares of the conglomerate’s stock valued at $123,000 after acquiring an additional 301 shares during the period. MCF Advisors LLC boosted its holdings in Honeywell International by 55.8% during the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 335 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in Honeywell International by 56.7% during the 1st quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 340 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

In related news, SVP Katherine L. Adams sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $137.24, for a total value of $137,240.00. Following the completion of the sale, the senior vice president now owns 180,211 shares in the company, valued at $24,732,157.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last 90 days. Company insiders own 1.56% of the company’s stock.

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Shares of Honeywell International Inc. (NYSE:HON) opened at 143.62 on Monday. The stock has a market cap of $109.23 billion, a PE ratio of 22.27 and a beta of 0.95. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $143.75. The firm has a 50-day moving average price of $138.84 and a 200 day moving average price of $133.72.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 41.24%.

Several brokerages recently weighed in on HON. Jefferies Group LLC restated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Thursday, September 28th. Morgan Stanley increased their target price on Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Deutsche Bank AG restated a “buy” rating and set a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Thursday, September 21st. Finally, Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $143.30.

Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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