Semmax Financial Advisors Inc. Increases Stock Position in Honeywell International Inc. (NYSE:HON)

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Semmax Financial Advisors Inc. increased its position in shares of Honeywell International Inc. (NYSE:HON) by 36.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 341 shares of the conglomerate’s stock after buying an additional 91 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Honeywell International were worth $60,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Lenox Wealth Advisors LLC raised its position in Honeywell International by 453.8% during 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. Cordasco Financial Network acquired a new position in Honeywell International during the first quarter worth $25,000. Mcmillion Capital Management Inc. acquired a new position in Honeywell International during the second quarter worth $31,000. Mackey Komara & Dankovich LLC acquired a new position in Honeywell International during the first quarter worth $29,000. Finally, Canton Hathaway LLC raised its position in Honeywell International by 289.1% during the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 159 shares during the period. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HON traded down $6.41 during mid-day trading on Friday, reaching $156.49. The company’s stock had a trading volume of 3,417,749 shares, compared to its average volume of 2,244,559. The stock has a 50-day moving average of $170.24 and a two-hundred day moving average of $165.23. The stock has a market capitalization of $117.21 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $178.47.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 earnings per share. Analysts predict that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is 40.95%.

In related news, CEO Rajeev Gautam sold 10,984 shares of the company’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 completion of the sale, the chief executive officer now owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the sale, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. 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 quarter. Company insiders own 0.73% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Monday, July 22nd. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley upped their price objective on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Citigroup set a $197.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $184.08.

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.

Further Reading: Are all No-Load Funds Equal?

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)

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