Honeywell International Inc. (HON) Stake Lessened by Modera Wealth Management LLC

Modera Wealth Management LLC trimmed its holdings in Honeywell International Inc. (NYSE:HON) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,755 shares of the conglomerate’s stock after selling 18 shares during the period. Modera Wealth Management LLC’s holdings in Honeywell International were worth $767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hanson McClain Inc. increased its stake in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. Burt Wealth Advisors increased its stake in shares of Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the period. Guidant Wealth Advisors increased its stake in shares of Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the period. Mosaic Family Wealth LLC increased its stake 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 worth $102,000 after purchasing an additional 78 shares during the period. Finally, Jolley Asset Management LLC increased its stake 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 worth $103,000 after purchasing an additional 50 shares during the period. 75.20% of the stock is owned by institutional investors.

In related news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,242 shares of company stock worth $2,889,943. 1.56% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Cowen and Company restated an “outperform” rating and set a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, Credit Suisse Group restated a “neutral” rating and set a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $150.79.

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Shares of Honeywell International Inc. (HON) opened at $147.94 on Tuesday. The firm has a market capitalization of $112,700.00, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a twelve month low of $111.78 and a twelve month high of $148.30. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. equities research analysts expect that Honeywell International Inc. will post 7.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is 45.15%.

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

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