Sterneck Capital Management LLC Continues to Hold Stake in Honeywell International Inc. (HON)

Sterneck Capital Management LLC maintained its stake in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,631 shares of the conglomerate’s stock at the close of the second quarter. Sterneck Capital Management LLC’s holdings in Honeywell International were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ffcm LLC increased its stake in shares of Honeywell International by 7.6% during the first quarter. Ffcm LLC now owns 22,768 shares of the conglomerate’s stock worth $2,844,000 after purchasing an additional 1,603 shares during the period. Norinchukin Bank The increased its stake in Honeywell International by 4.2% during the 1st quarter. Norinchukin Bank The now owns 88,452 shares of the conglomerate’s stock worth $11,045,000 after acquiring an additional 3,532 shares during the period. AGF Investments America Inc. increased its stake in Honeywell International by 1.8% during the 1st quarter. AGF Investments America Inc. now owns 46,034 shares of the conglomerate’s stock worth $5,748,000 after acquiring an additional 803 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in Honeywell International by 1.6% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 12,855 shares of the conglomerate’s stock worth $1,605,000 after acquiring an additional 201 shares during the period. Finally, AGF Investments Inc. increased its stake in Honeywell International by 5.5% during the 1st quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after acquiring an additional 105,943 shares during the period. 76.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Honeywell International Inc. (NYSE:HON) traded up $2.38 on Wednesday, reaching $156.12. The company’s stock had a trading volume of 1,826,951 shares, compared to its average volume of 2,709,838. The firm has a market cap of $115,950.92, a P/E ratio of 22.05, a PEG ratio of 2.35 and a beta of 0.99. Honeywell International Inc. has a 52-week low of $113.60 and a 52-week high of $156.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same period last year, the company posted $1.60 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 16th. Honeywell International’s payout ratio is presently 45.15%.

Honeywell International announced that its Board of Directors has approved a share repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Several equities analysts have recently issued reports on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, August 17th. Deutsche Bank reiterated a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Jefferies Group reiterated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Honeywell International has an average rating of “Buy” and a consensus target price of $154.00.

In related news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

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

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