Private Advisor Group LLC Sells 5,474 Shares of Honeywell International Inc. (HON)
Private Advisor Group LLC trimmed its holdings in shares of Honeywell International Inc. (NYSE:HON) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,283 shares of the conglomerate’s stock after selling 5,474 shares during the quarter. Private Advisor Group LLC’s holdings in Honeywell International were worth $5,964,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Addison Capital Co raised its position in shares of Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after buying an additional 7 shares in the last quarter. Keel Point LLC raised its position in Honeywell International by 0.3% in the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after purchasing an additional 10 shares during the period. Hudock Capital Group LLC raised its position in Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares during the period. Finally, CWM LLC raised its position in Honeywell International by 1.9% in the 2nd quarter. CWM LLC now owns 1,045 shares of the conglomerate’s stock worth $139,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the transaction, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,242 shares of company stock worth $2,889,943. Insiders own 1.56% of the company’s stock.
Honeywell International Inc. (HON) opened at $146.49 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a one year low of $111.78 and a one year high of $147.60. The stock has a market cap of $111,599.45, a P/E ratio of 21.08, a PEG ratio of 2.25 and a beta of 0.97.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. During the same period last year, the firm earned $1.60 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.
A number of research firms recently weighed in on HON. Oppenheimer Holdings, Inc. increased their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Cowen and Company reissued an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Sunday, August 27th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $139.00 price objective (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $150.79.
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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.
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