Third Point LLC Sells 100,000 Shares of Honeywell International Inc. (HON)

Third Point LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 7.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,275,000 shares of the conglomerate’s stock after selling 100,000 shares during the period. Honeywell International makes up approximately 1.5% of Third Point LLC’s holdings, making the stock its 21st largest holding. Third Point LLC owned about 0.17% of Honeywell International worth $169,945,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co raised its position in shares of Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares in the last quarter. Keel Point LLC raised its position in shares of Honeywell International by 0.3% in the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 10 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its position in shares of Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Thursday, September 21st. Deutsche Bank reaffirmed a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a research report on Thursday, September 21st. Royal Bank Of Canada upped their target price on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Citigroup upped their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $154.00.

Honeywell International Inc. (HON) traded down $0.06 during mid-day trading on Thursday, hitting $153.00. The company had a trading volume of 2,896,500 shares, compared to its average volume of 2,712,940. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market cap of $116,604.59, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.35 and a beta of 0.99. Honeywell International Inc. has a twelve month low of $112.81 and a twelve month high of $156.70.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. equities research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal 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 given a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is currently 45.15%.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

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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.

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

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