Parametric Portfolio Associates LLC Has $227.90 Million Position in Honeywell International Inc. (HON)
Parametric Portfolio Associates LLC raised its stake in Honeywell International Inc. (NYSE:HON) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,709,792 shares of the conglomerate’s stock after acquiring an additional 186,863 shares during the period. Parametric Portfolio Associates LLC owned 0.22% of Honeywell International worth $227,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hanson McClain Inc. raised its holdings 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 buying an additional 3 shares during the last quarter. Burt Wealth Advisors raised its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares during the last quarter. Guidant Wealth Advisors raised its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the last quarter. Finally, CKW Financial Group purchased a new stake in shares of Honeywell International in the second quarter valued at about $108,000. Institutional investors own 76.04% of the company’s stock.
In related news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s 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 sale, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
Honeywell International Inc. (NYSE HON) traded up $0.52 during mid-day trading on Wednesday, hitting $153.58. 670,282 shares of the stock traded hands, compared to its average volume of 2,712,156. The firm has a market capitalization of $117,145.48, a price-to-earnings ratio of 22.13, a PEG ratio of 2.36 and a beta of 0.99. Honeywell International Inc. has a twelve month low of $112.66 and a twelve month high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 earnings per share. sell-side analysts expect that Honeywell International Inc. will post 7.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio is currently 45.15%.
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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