Geneva Advisors LLC Trims Position in Honeywell International Inc. (HON)
Geneva Advisors LLC decreased its holdings in Honeywell International Inc. (NYSE:HON) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,598 shares of the conglomerate’s stock after selling 158 shares during the quarter. Geneva Advisors LLC’s holdings in Honeywell International were worth $28,470,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Hanson McClain Inc. raised its position in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Guidant Wealth Advisors raised its position in Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the last quarter. Jolley Asset Management LLC raised its position in Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the last quarter. Finally, CKW Financial Group purchased a new position in Honeywell International during the 2nd quarter worth $108,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The sale was disclosed in a document filed with the SEC, which is available through 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 completion of the sale, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 351,885 shares of company stock worth $48,581,799. 1.56% of the stock is owned by company insiders.
Shares of Honeywell International Inc. (NYSE:HON) opened at 144.64 on Tuesday. The company has a 50-day moving average of $142.12 and a 200-day moving average of $136.16. Honeywell International Inc. has a 52 week low of $108.01 and a 52 week high of $147.00. The firm has a market capitalization of $110.01 billion, a PE ratio of 22.43 and a beta of 0.95.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.06%. Honeywell International’s payout ratio is 40.30%.
A number of equities analysts have commented on HON shares. Cowen and Company restated a “buy” rating and set a $140.00 price objective on shares of Honeywell International in a research report on Monday, July 17th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada upped their price objective on shares of Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. upped their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $150.79.
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.
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