SFE Investment Counsel Reduces Position in Honeywell International Inc. (NYSE:HON)

SFE Investment Counsel trimmed its position in Honeywell International Inc. (NYSE:HON) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,358 shares of the conglomerate’s stock after selling 255 shares during the period. SFE Investment Counsel’s holdings in Honeywell International were worth $3,149,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cumberland Partners Ltd increased its position in shares of Honeywell International by 2.3% in the 1st quarter. Cumberland Partners Ltd now owns 100,961 shares of the conglomerate’s stock valued at $21,915,000 after purchasing an additional 2,234 shares during the last quarter. Stifel Financial Corp increased its holdings in Honeywell International by 2.4% during the 1st quarter. Stifel Financial Corp now owns 1,280,327 shares of the conglomerate’s stock valued at $277,932,000 after acquiring an additional 29,607 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in Honeywell International by 2.5% during the 2nd quarter. Congress Asset Management Co. MA now owns 58,476 shares of the conglomerate’s stock valued at $12,827,000 after acquiring an additional 1,424 shares in the last quarter. Altium Wealth Management LLC increased its holdings in Honeywell International by 3.8% during the 1st quarter. Altium Wealth Management LLC now owns 15,234 shares of the conglomerate’s stock valued at $3,307,000 after acquiring an additional 554 shares in the last quarter. Finally, Simmons Bank increased its holdings in Honeywell International by 10.9% during the 2nd quarter. Simmons Bank now owns 16,076 shares of the conglomerate’s stock valued at $3,527,000 after acquiring an additional 1,582 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

In other news, CEO Darius Adamczyk sold 28,571 shares of the business’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $231.97, for a total transaction of $6,627,614.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Que Dallara sold 10,759 shares of the company’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the completion of the transaction, the chief executive officer now directly owns 3,495 shares of the company’s stock, valued at approximately $808,323.60. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Shares of NYSE:HON traded up $1.77 during trading on Wednesday, hitting $221.96. 67,408 shares of the company’s stock traded hands, compared to its average volume of 2,750,400. The company has a 50-day moving average price of $228.73 and a 200-day moving average price of $223.72. Honeywell International Inc. has a 52 week low of $156.85 and a 52 week high of $236.86. The company has a market cap of $153.24 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89.

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

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

HON has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research report on Monday, July 26th. Barclays boosted their target price on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, July 26th. Robert W. Baird lifted their price target on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research note on Monday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $231.62.

Honeywell International Profile

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.

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

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