Honeywell International Inc. (NYSE:HON) Position Cut by Sippican Capital Advisors

Sippican Capital Advisors cut its position in shares of Honeywell International Inc. (NYSE:HON) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,369 shares of the conglomerate’s stock after selling 607 shares during the period. Honeywell International makes up 2.1% of Sippican Capital Advisors’ holdings, making the stock its 13th largest position. Sippican Capital Advisors’ holdings in Honeywell International were worth $1,915,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HON. Archford Capital Strategies LLC increased its position in shares of Honeywell International by 55.2% in the fourth quarter. Archford Capital Strategies LLC now owns 16,747 shares of the conglomerate’s stock worth $1,940,000 after buying an additional 5,956 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new stake in Honeywell International during the fourth quarter valued at $550,000. Forbes J M & Co. LLP increased its stake in Honeywell International by 0.5% in the fourth quarter. Forbes J M & Co. LLP now owns 47,770 shares of the conglomerate’s stock valued at $5,534,000 after buying an additional 256 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in Honeywell International during the fourth quarter valued at $1,074,000. Finally, GSB Wealth Management LLC purchased a new stake in Honeywell International during the fourth quarter valued at $444,000. 76.49% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Inc. (NYSE HON) traded down 0.66% on Friday, reaching $134.95. The company’s stock had a trading volume of 2,977,551 shares. The firm has a market capitalization of $102.64 billion, a P/E ratio of 20.93 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21. The firm has a 50-day moving average price of $136.42 and a 200 day moving average price of $130.09.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday. 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. Cowen and Company reissued an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $139.00 price objective (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $139.64.

In other news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. Insiders sold a total of 469,799 shares of company stock worth $64,094,877 in the last three months. Company insiders own 1.56% of the company’s stock.

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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