Fagan Associates Inc. reduced its stake in Honeywell International Inc. (NYSE:HON) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,771 shares of the conglomerate’s stock after selling 25 shares during the period. Fagan Associates Inc.’s holdings in Honeywell International were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HON. Clearbridge Investments LLC lifted its stake in Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after purchasing an additional 2,114,627 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Honeywell International by 13,551.7% during the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after purchasing an additional 1,791,394 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 8.8% during the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after purchasing an additional 773,734 shares during the last quarter. American Century Companies Inc. lifted its stake in Honeywell International by 450.7% during the second quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock worth $120,072,000 after purchasing an additional 737,262 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Honeywell International by 27.4% during the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after purchasing an additional 552,100 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

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Shares of Honeywell International Inc. (HON) opened at 144.16 on Wednesday. The firm has a market capitalization of $109.64 billion, a P/E ratio of 22.35 and a beta of 0.95. Honeywell International Inc. has a 12-month low of $108.01 and a 12-month high of $147.00. The company has a 50-day moving average price of $142.27 and a 200-day moving average price of $136.21.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. Equities analysts predict that Honeywell International Inc. will post $7.10 EPS for the current 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 paid a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.07%. Honeywell International’s payout ratio is currently 40.30%.

In other news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

HON has been the subject of several recent analyst reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Thursday, July 20th. Deutsche Bank AG restated a “buy” rating and set a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Citigroup Inc. upped their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Jefferies Group LLC restated a “buy” rating and set a $155.00 target price (up from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. Finally, Cowen and Company restated a “buy” rating and set a $140.00 target price on shares of Honeywell International in a research note on Monday, July 17th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average 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.

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

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