Perigon Wealth Management LLC cut its stake in Honeywell International Inc. (NYSE:HON) by 11.3% in the third quarter, HoldingsChannel.com reports. The firm owned 12,028 shares of the conglomerate’s stock after selling 1,530 shares during the quarter. Perigon Wealth Management LLC’s holdings in Honeywell International were worth $2,001,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Welch Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth about $108,000. Fort L.P. acquired a new position in shares of Honeywell International during the 2nd quarter worth about $118,000. Squar Milner Financial Services LLC boosted its stake in shares of Honeywell International by 155.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 835 shares of the conglomerate’s stock worth $139,000 after buying an additional 508 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Honeywell International during the 3rd quarter worth about $126,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Honeywell International by 267.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 886 shares of the conglomerate’s stock worth $128,000 after buying an additional 645 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. HSBC downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 price objective for the company. in a research note on Tuesday, October 2nd. Oppenheimer increased their price objective on shares of Honeywell International from $172.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 26th. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Deutsche Bank increased their price objective on shares of Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. Finally, JPMorgan Chase & Co. restated a “positive” rating on shares of Honeywell International in a research note on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $172.90.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The business had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period last year, the business posted $1.75 EPS. Honeywell International’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 7.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be paid a $0.82 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 46.13%.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total value of $1,944,742.00. Following the transaction, the director now directly owns 13,607 shares of the company’s stock, valued at approximately $1,974,783.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the completion of the transaction, the director now directly owns 25,764 shares in the company, valued at $3,841,670.04. The disclosure for this sale can be found here. Insiders sold a total of 45,644 shares of company stock valued at $6,597,099 over the last quarter. 1.33% of the stock is currently owned by company insiders.
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About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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