Edgestream Partners L.P. decreased its holdings in Honeywell International Inc. (NYSE:HON) by 72.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,678 shares of the conglomerate’s stock after selling 9,877 shares during the quarter. Edgestream Partners L.P.’s holdings in Honeywell International were worth $490,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Burt Wealth Advisors grew its stake in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares in the last quarter. Mosaic Family Wealth LLC grew its stake 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 worth $102,000 after purchasing an additional 78 shares in the last quarter. Guidant Wealth Advisors grew its stake in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares in the last quarter. Jolley Asset Management LLC grew its stake in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 50 shares in the last quarter. Finally, CKW Financial Group bought a new position in shares of Honeywell International in the second quarter worth $108,000. 75.20% of the stock is owned by institutional investors.
Honeywell International Inc. (HON) opened at $146.49 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The firm has a market capitalization of $111,600.00, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 52-week low of $111.78 and a 52-week high of $147.60.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Zacks’ 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 return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. sell-side analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.03%. Honeywell International’s dividend payout ratio is currently 45.15%.
Several brokerages have recently weighed in on HON. Royal Bank Of Canada upped their price objective on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Credit Suisse Group restated a “neutral” rating and issued a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Citigroup Inc. upped their price objective on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Vertical Research restated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Finally, Cowen and Company restated a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $150.79.
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In related news, Director Bradley T. Sheares sold 1,328 shares of the 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 completion of the sale, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,242 shares of company stock worth $2,889,943. 1.56% of the stock is currently owned by insiders.
About Honeywell International
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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