Westwood Holdings Group Inc. trimmed its holdings in shares of Honeywell International Inc. (NYSE:HON) by 32.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 790,635 shares of the conglomerate’s stock after selling 386,356 shares during the period. Honeywell International makes up about 1.5% of Westwood Holdings Group Inc.’s holdings, making the stock its 8th biggest position. Westwood Holdings Group Inc. owned approximately 0.11% of Honeywell International worth $138,037,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of HON. Lenox Wealth Advisors LLC boosted its stake in shares of 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 in the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth about $25,000. Mcmillion Capital Management Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth about $31,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Honeywell International during the 1st quarter worth about $29,000. Finally, Litman Gregory Asset Management LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth about $40,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Darius Adamczyk sold 7,149 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the completion of the transaction, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,133 shares of company stock valued at $4,141,655. Insiders own 0.73% of the company’s stock.
Honeywell International stock traded up $1.74 during trading hours on Friday, hitting $168.51. The stock had a trading volume of 98,291 shares, compared to its average volume of 3,059,558. The company has a 50-day moving average of $165.56 and a two-hundred day moving average of $167.01. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The company has a market cap of $119.77 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. As a group, analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.82 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 1.95%. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
HON has been the subject of several recent analyst reports. Cowen reiterated a “buy” rating and set a $180.00 price target on shares of Honeywell International in a research note on Friday, August 2nd. Jefferies Financial Group increased their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays increased their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Morgan Stanley increased their target price on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $183.58.
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.
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