John G Ullman & Associates Inc. cut its holdings in Honeywell International Inc. (NYSE:HON) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,209 shares of the conglomerate’s stock after selling 400 shares during the period. Honeywell International comprises approximately 1.6% of John G Ullman & Associates Inc.’s portfolio, making the stock its 19th biggest holding. John G Ullman & Associates Inc.’s holdings in Honeywell International were worth $7,892,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in Honeywell International by 8.8% during the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the period. Clearbridge Investments LLC grew its holdings in Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the period. Swiss National Bank grew its holdings in Honeywell International by 27.4% during the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Honeywell International by 4.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,343,756 shares of the conglomerate’s stock valued at $292,665,000 after purchasing an additional 106,870 shares during the period. Finally, AGF Investments Inc. grew its holdings in Honeywell International by 5.5% during the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock valued at $255,029,000 after purchasing an additional 105,943 shares during the period. 75.77% of the stock is owned by institutional investors.
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Several brokerages have weighed in on HON. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Cowen and Company reissued an “outperform” rating and set a $150.00 price objective (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Morgan Stanley increased their price objective on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $139.00 price objective (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus price target of $141.24.
In related news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the transaction, the insider now owns 294,155 shares in the company, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,108 shares of company stock worth $48,886,463. 1.56% of the stock is owned by corporate insiders.
Shares of Honeywell International Inc. (HON) opened at 137.75 on Wednesday. The stock has a market cap of $104.77 billion, a P/E ratio of 21.36 and a beta of 0.94. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21. The company has a 50 day moving average price of $137.60 and a 200-day moving average price of $132.42.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the company earned $1.70 EPS. Honeywell International’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
Honeywell International Profile
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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