TRUE Private Wealth Advisors lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,028 shares of the conglomerate’s stock after selling 78 shares during the period. TRUE Private Wealth Advisors’ holdings in Honeywell International were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. Eagle Asset Management Inc. grew its stake in Honeywell International by 20.5% during the 1st quarter. Eagle Asset Management Inc. now owns 861,065 shares of the conglomerate’s stock worth $136,840,000 after purchasing an additional 146,454 shares in the last quarter. Fayerweather Charles bought a new stake in Honeywell International during the first quarter worth approximately $203,000. Kornitzer Capital Management Inc. KS grew its position in Honeywell International by 9.9% in the first quarter. Kornitzer Capital Management Inc. KS now owns 51,828 shares of the conglomerate’s stock worth $8,237,000 after buying an additional 4,660 shares during the last quarter. EagleClaw Capital Managment LLC grew its position in Honeywell International by 7.1% in the first quarter. EagleClaw Capital Managment LLC now owns 13,494 shares of the conglomerate’s stock worth $2,147,000 after buying an additional 900 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Honeywell International by 99.3% in the first quarter. Moors & Cabot Inc. now owns 48,338 shares of the conglomerate’s stock worth $7,706,000 after buying an additional 24,090 shares during the last quarter. 75.77% of the stock is currently owned by institutional investors.
In other news, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the transaction, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,133 shares of company stock valued at $4,141,655. Company insiders own 0.73% of the company’s stock.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.12 EPS. Equities analysts anticipate that Honeywell International Inc. will post 8.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.90 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.27%. Honeywell International’s payout ratio is currently 40.95%.
Several research analysts have issued reports on HON shares. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Monday, July 22nd. Cowen reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley reduced their price objective on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $185.40.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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