Greylin Investment Mangement Inc. trimmed its position in Honeywell International Inc. (NYSE:HON) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 5,720 shares of the conglomerate’s stock after selling 205 shares during the quarter. Greylin Investment Mangement Inc.’s holdings in Honeywell International were worth $968,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in HON. Joseph P. Lucia & Associates LLC bought a new position in Honeywell International in the 1st quarter valued at $25,000. Lenox Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Honeywell International during the 2nd quarter worth $25,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Honeywell International during the 1st quarter worth $29,000. Finally, Mcmillion Capital Management Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth $31,000. 75.77% of the stock is owned by hedge funds and other institutional investors.
In other Honeywell International 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 value of $1,180,156.92. Following the transaction, the chairman now owns 75,521 shares in the company, valued at $12,467,006.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the transaction, the chief executive officer now owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. Insiders sold 25,133 shares of company stock valued at $4,141,655 over the last three months. 0.73% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on HON shares. Citigroup lifted their price objective on shares of Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley dropped their price objective on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Finally, Jefferies Financial Group lifted their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $184.09.
Honeywell International stock traded up $3.42 during mid-day trading on Friday, hitting $164.39. The company’s stock had a trading volume of 931,693 shares, compared to its average volume of 2,783,398. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The stock has a market cap of $114.13 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The business has a 50 day moving average price of $165.05 and a 200-day moving average price of $168.10. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. On average, equities research analysts expect that Honeywell International Inc. will post 8.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.90 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 2.19%. Honeywell International’s payout ratio is currently 40.95%.
About Honeywell International
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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