Measured Wealth Private Client Group LLC cut its stake in Honeywell International Inc. (NYSE:HON) by 45.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,435 shares of the conglomerate’s stock after selling 2,033 shares during the quarter. 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 also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $25,000. Lenox Wealth Advisors LLC increased its stake in Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares in the last quarter. Krane Funds Advisors LLC bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $25,000. Mackey Komara & Dankovich LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $29,000. Finally, Mcmillion Capital Management Inc. bought a new position in shares of Honeywell International during the 2nd quarter worth approximately $31,000. 75.77% of the stock is owned by institutional investors.
Honeywell International stock traded up $3.91 during mid-day trading on Friday, hitting $164.88. 37,541 shares of the company’s stock traded hands, compared to its average volume of 2,783,398. The firm has a 50 day simple moving average of $165.05 and a two-hundred day simple moving average of $168.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47. The stock has a market cap of $114.13 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96.
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, beating the 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 last year, the firm posted $2.12 EPS. The company’s quarterly revenue was down 15.3% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 8.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.90 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
HON has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Cowen reissued a “buy” rating and issued a $180.00 price objective on shares of Honeywell International in a report on Friday, August 2nd. Zacks Investment Research raised 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, 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. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $185.27.
In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the 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 transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the 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 transaction, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold a total of 25,133 shares of company stock valued at $4,141,655 in the last ninety days. Insiders own 0.73% of the company’s stock.
Honeywell International Company Profile
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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