Dynamic Advisor Solutions LLC Sells 173 Shares of Honeywell International Inc. (NYSE:HON)

Dynamic Advisor Solutions LLC reduced its stake in Honeywell International Inc. (NYSE:HON) by 0.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 18,163 shares of the conglomerate’s stock after selling 173 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Honeywell International were worth $3,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Founders Financial Alliance LLC boosted its position in Honeywell International by 0.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 8,609 shares of the conglomerate’s stock valued at $1,890,000 after buying an additional 44 shares during the period. Highland Private Wealth Management raised its holdings in Honeywell International by 4.1% in the 2nd quarter. Highland Private Wealth Management now owns 1,110 shares of the conglomerate’s stock worth $243,000 after purchasing an additional 44 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its holdings in Honeywell International by 0.9% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 4,951 shares of the conglomerate’s stock worth $1,086,000 after purchasing an additional 44 shares in the last quarter. Glassman Wealth Services raised its holdings in Honeywell International by 8.3% in the 2nd quarter. Glassman Wealth Services now owns 585 shares of the conglomerate’s stock worth $128,000 after purchasing an additional 45 shares in the last quarter. Finally, Cypress Capital Group raised its holdings in Honeywell International by 1.0% in the 2nd quarter. Cypress Capital Group now owns 4,510 shares of the conglomerate’s stock worth $989,000 after purchasing an additional 46 shares in the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HON traded up $1.02 during trading on Wednesday, reaching $221.21. 52,705 shares of the company traded hands, compared to its average volume of 2,750,400. The firm has a 50 day simple moving average of $228.73 and a 200-day simple moving average of $223.72. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $152.72 billion, a PE ratio of 31.23, a P/E/G ratio of 2.57 and a beta of 1.16. Honeywell International Inc. has a 52-week low of $156.85 and a 52-week high of $236.86.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.66 billion. Honeywell International had a net margin of 14.65% and a return on equity of 29.44%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. As a group, research analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, August 12th. Honeywell International’s payout ratio is presently 52.39%.

In related news, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $231.28, for a total value of $2,488,341.52. Following the transaction, the chief executive officer now owns 3,495 shares of the company’s stock, valued at $808,323.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Darius Adamczyk sold 28,571 shares of Honeywell International stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total transaction of $6,627,614.87. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, July 26th. Robert W. Baird raised their price objective on shares of Honeywell International from $247.00 to $251.00 and gave the company an “outperform” rating in a research note on Monday, July 26th. Finally, Royal Bank of Canada raised their price objective on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a research note on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $231.62.

About Honeywell International

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

Recommended Story: Technical Analysis of Stocks and What It Means

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)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.