Financial Counselors Inc. cut its position in shares of Honeywell International Inc. (NYSE:HON) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,997 shares of the conglomerate’s stock after selling 1,154 shares during the period. Financial Counselors Inc.’s holdings in Honeywell International were worth $2,132,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Burt Wealth Advisors increased its position in shares of Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the last quarter. Mosaic Family Wealth LLC increased its position in shares of Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the last quarter. Guidant Wealth Advisors increased its position in shares of Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the last quarter. Jolley Asset Management LLC increased its position in shares of Honeywell International by 6.9% during the second 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 last quarter. Finally, CKW Financial Group acquired a new stake in shares of Honeywell International during the second quarter valued at about $108,000. 76.04% of the stock is currently owned by institutional investors.
HON has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, August 17th. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Deutsche Bank restated a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a report on Thursday, September 21st. Finally, Citigroup lifted their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $154.00.
Shares of Honeywell International Inc. (NYSE:HON) traded up $0.28 during trading on Thursday, reaching $153.28. 2,044,845 shares of the company were exchanged, compared to its average volume of 2,710,110. Honeywell International Inc. has a one year low of $113.60 and a one year high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $116,770.00, a P/E ratio of 22.02, a P/E/G ratio of 2.35 and a beta of 0.99.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.94%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 45.15%.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
About Honeywell International
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.
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