2,300 Shares in Honeywell International Inc. (HON) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Honeywell International Inc. (NYSE:HON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,300 shares of the conglomerate’s stock, valued at approximately $307,000.

Several other hedge funds also recently bought and sold shares of HON. Clearbridge Investments LLC increased its position in shares of Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares in the last quarter. Swiss National Bank increased its position in shares of Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Honeywell International by 3,023.8% in the 1st quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after buying an additional 543,617 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Honeywell International by 147.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock valued at $113,628,000 after buying an additional 542,474 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

In other news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is currently owned by insiders.

Shares of Honeywell International Inc. (NYSE HON) traded up 1.27% during trading on Friday, hitting $138.95. The stock had a trading volume of 4,594,069 shares. The company has a market capitalization of $105.68 billion, a P/E ratio of 21.55 and a beta of 0.94. The firm has a 50-day moving average of $137.53 and a 200 day moving average of $132.16. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s payout ratio is presently 41.24%.

TRADEMARK VIOLATION NOTICE: “2,300 Shares in Honeywell International Inc. (HON) Purchased by Fox Run Management L.L.C.” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/09/17/2300-shares-in-honeywell-international-inc-hon-purchased-by-fox-run-management-l-l-c.html.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Friday. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. Jefferies Group LLC restated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research report on Tuesday, August 22nd. Morgan Stanley upped their price objective on shares of Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Finally, Cowen and Company restated an “outperform” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. One equities research 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 a consensus target price of $141.24.

Honeywell International Company 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.

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

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