Harwood Advisory Group LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,743 shares of the conglomerate’s stock after selling 80 shares during the period. Harwood Advisory Group LLC’s holdings in Honeywell International were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Cordasco Financial Network bought a new position in shares of Honeywell International in the first quarter worth $25,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Honeywell International in the first quarter worth $25,000. Lenox Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 453.8% in the second 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 period. Mackey Komara & Dankovich LLC bought a new position in shares of Honeywell International in the first quarter worth $29,000. Finally, Mcmillion Capital Management Inc. bought a new position in shares of Honeywell International in the second quarter worth $31,000. 77.48% of the stock is owned by institutional investors and hedge funds.
In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the firm’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 sale, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the sale, 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 have sold 25,133 shares of company stock worth $4,141,655 in the last 90 days. Company insiders own 0.73% of the company’s stock.
A number of equities research analysts recently issued reports on HON shares. Credit Suisse Group increased their price objective on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research report on Monday, July 22nd. Morgan Stanley increased their price objective on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Citigroup set a $197.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $184.08.
NYSE HON traded down $6.41 during trading hours on Friday, reaching $156.49. 3,417,749 shares of the stock traded hands, compared to its average volume of 2,244,559. The stock has a 50 day simple moving average of $170.24 and a two-hundred day simple moving average of $165.23. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $178.47. 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 company has a market cap of $117.21 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.09.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the business posted $2.12 earnings per share. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, sell-side analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s payout ratio is 40.95%.
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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