Guyasuta Investment Advisors Inc. Lowers Position in Honeywell International Inc. (NYSE:HON)

Guyasuta Investment Advisors Inc. trimmed its stake in Honeywell International Inc. (NYSE:HON) by 7.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,852 shares of the conglomerate’s stock after selling 850 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Honeywell International were worth $2,161,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in Honeywell International by 11.7% in the first quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock valued at $1,704,272,000 after purchasing an additional 824,893 shares during the period. Ameriprise Financial Inc. grew its holdings in Honeywell International by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 7,116,847 shares of the conglomerate’s stock valued at $1,545,155,000 after purchasing an additional 251,419 shares during the period. Royal Bank of Canada grew its holdings in Honeywell International by 3.7% in the first quarter. Royal Bank of Canada now owns 5,035,677 shares of the conglomerate’s stock valued at $1,093,094,000 after purchasing an additional 178,920 shares during the period. Janus Henderson Group PLC grew its holdings in Honeywell International by 1.6% in the first quarter. Janus Henderson Group PLC now owns 4,795,322 shares of the conglomerate’s stock valued at $1,040,934,000 after purchasing an additional 74,839 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Honeywell International by 1.0% in the second quarter. Alliancebernstein L.P. now owns 3,808,717 shares of the conglomerate’s stock valued at $835,442,000 after purchasing an additional 36,942 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.

HON has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a report on Monday, July 26th. Royal Bank of Canada boosted their price objective on shares of Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, July 26th. Finally, Robert W. Baird boosted their price objective on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research note on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $231.62.

In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of the stock in a transaction on Monday, August 30th. The shares were sold at an average price of $231.97, for a total transaction of $6,627,614.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Que Dallara sold 10,759 shares of the stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total transaction of $2,488,341.52. Following the sale, the chief executive officer now directly owns 3,495 shares in the company, valued at $808,323.60. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Shares of HON stock traded down $0.38 on Monday, hitting $218.81. The stock had a trading volume of 64,745 shares, compared to its average volume of 2,749,277. The firm has a market capitalization of $151.07 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 2.57 and a beta of 1.16. The stock’s 50 day moving average is $227.57 and its 200-day moving average is $224.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41. Honeywell International Inc. has a 52-week low of $157.17 and a 52-week high of $236.86.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.66 billion. Honeywell International had a net margin of 14.65% and a return on equity of 29.44%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Equities analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 annualized dividend and a yield of 1.70%. Honeywell International’s dividend payout ratio is presently 52.39%.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

Featured Story: Understanding debt-to-equity ratio in fundamental analysis

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.