Sigma Planning Corp cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,136 shares of the conglomerate’s stock after selling 252 shares during the quarter. Sigma Planning Corp’s holdings in Honeywell International were worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Cordasco Financial Network bought a new stake in Honeywell International during the 1st quarter worth approximately $25,000. Joseph P. Lucia & Associates LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $25,000. Lenox Wealth Advisors LLC grew its holdings 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 acquiring an additional 118 shares during the last quarter. Mackey Komara & Dankovich LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $29,000. Finally, Mcmillion Capital Management Inc. bought a new stake in Honeywell International during the 2nd quarter worth approximately $31,000. 77.29% of the stock is currently owned by institutional investors.
Shares of NYSE HON traded down $1.38 during midday trading on Thursday, reaching $162.66. The stock had a trading volume of 828,598 shares, compared to its average volume of 2,508,685. The company has a market cap of $118.72 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The firm has a 50 day simple moving average of $172.44.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.12 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction 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. 0.73% of the stock is currently owned by insiders.
HON has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Deutsche Bank boosted their target price on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Barclays boosted their target price on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Citigroup set a $197.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Four 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 stock. Honeywell International presently has an average rating of “Buy” and an average target price of $184.08.
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.
Further Reading: Net Income
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