Charter Trust Co. cut its stake in Honeywell International Inc. (NYSE:HON) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,800 shares of the conglomerate’s stock after selling 309 shares during the quarter. Charter Trust Co.’s holdings in Honeywell International were worth $1,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Crestwood Advisors Group LLC acquired a new position in shares of Honeywell International in the first quarter valued at about $100,000. Hanson McClain Inc. grew its stake in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 335 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 340 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after acquiring an additional 124 shares in the last quarter. 75.77% of the stock is currently owned by institutional investors.

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In related news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,108 shares of company stock worth $48,886,463. Insiders own 1.56% of the company’s stock.

Honeywell International Inc. (NYSE HON) traded down 1.02% during mid-day trading on Monday, hitting $137.53. 1,219,069 shares of the stock traded hands. The company has a 50-day moving average of $137.53 and a 200 day moving average of $132.16. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The firm has a market capitalization of $104.60 billion, a P/E ratio of 21.33 and a beta of 0.94.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a $0.665 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. Honeywell International’s dividend payout ratio (DPR) is 41.24%.

Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Cowen and Company restated an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Morgan Stanley upped their price target on shares of Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, August 17th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $139.00 price target (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $141.24.

Honeywell International Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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