TRUE Private Wealth Advisors Lowers Stock Position in Honeywell International Inc. (NYSE:HON)

TRUE Private Wealth Advisors decreased its position in shares of Honeywell International Inc. (NYSE:HON) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,086 shares of the conglomerate’s stock after selling 256 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Honeywell International were worth $676,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harvest Group Wealth Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $36,000. Certified Advisory Corp acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $50,000. SRS Capital Advisors Inc. acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $53,000. Better Money Decisions LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $55,000. Finally, MV Capital Management Inc. raised its position in shares of Honeywell International by 29.8% during the 2nd quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock worth $72,000 after purchasing an additional 75 shares during the last quarter. 75.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HON traded up $0.27 during trading on Wednesday, hitting $220.46. 2,631 shares of the company traded hands, compared to its average volume of 2,750,400. Honeywell International Inc. has a 1 year low of $156.85 and a 1 year high of $236.86. The company has a 50-day moving average price of $228.73 and a 200-day moving average price of $223.72. The firm has a market capitalization of $152.21 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.57 and a beta of 1.16. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.08. Honeywell International had a net margin of 14.65% and a return on equity of 29.44%. The company had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, August 12th. This represents a $3.72 dividend on an annualized basis and a yield of 1.69%. Honeywell International’s dividend payout ratio (DPR) is 52.39%.

Several brokerages recently issued reports on HON. Royal Bank of Canada lifted their price objective on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research report on Monday, July 26th. Robert W. Baird lifted their price objective on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, July 26th. Finally, Barclays boosted their price target on Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a report on Monday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $231.62.

In other Honeywell International news, CEO Que Dallara sold 10,759 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Darius Adamczyk sold 28,571 shares of the company’s stock in a transaction dated 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. 0.44% of the stock is currently owned by corporate insiders.

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.

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

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