Honeywell International Inc. (HON) Shares Sold by Marathon Capital Management

Marathon Capital Management lessened its holdings in Honeywell International Inc. (NYSE:HON) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,718 shares of the conglomerate’s stock after selling 182 shares during the period. Marathon Capital Management’s holdings in Honeywell International were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Goelzer Investment Management Inc. boosted its stake in shares of Honeywell International by 0.5% in the 1st quarter. Goelzer Investment Management Inc. now owns 52,040 shares of the conglomerate’s stock worth $6,498,000 after buying an additional 255 shares during the last quarter. Lincoln National Corp boosted its stake in shares of Honeywell International by 29.6% in the 1st quarter. Lincoln National Corp now owns 3,443 shares of the conglomerate’s stock worth $430,000 after buying an additional 786 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Honeywell International in the 1st quarter worth approximately $61,656,000. Capital Analysts LLC boosted its stake in shares of Honeywell International by 6.2% in the 1st quarter. Capital Analysts LLC now owns 23,343 shares of the conglomerate’s stock worth $2,915,000 after buying an additional 1,360 shares during the last quarter. Finally, Opus Capital Group LLC purchased a new position in shares of Honeywell International in the 1st quarter worth approximately $555,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.

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A number of equities analysts have recently weighed in on the company. Credit Suisse Group restated a “neutral” rating and issued a $150.00 target price (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Royal Bank Of Canada boosted their target price on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Vertical Research restated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen and Company reiterated a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a research note on Thursday, October 19th. Finally, Argus upped their price objective on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $150.79.

Shares of Honeywell International Inc. (NYSE:HON) opened at $147.94 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 1-year low of $111.78 and a 1-year high of $148.30. The stock has a market cap 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 (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share. equities research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.745 dividend. 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%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 45.15%.

In other news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the company’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 completion of the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,242 shares of company stock worth $2,889,943. 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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