Honeywell International Inc. (HON) Shares Sold by Sheaff Brock Investment Advisors LLC
Sheaff Brock Investment Advisors LLC trimmed its holdings in Honeywell International Inc. (NYSE:HON) by 9.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,552 shares of the conglomerate’s stock after selling 496 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Honeywell International were worth $607,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in HON. Meadow Creek Investment Management LLC raised its holdings in Honeywell International by 32.5% during the 1st quarter. Meadow Creek Investment Management LLC now owns 6,528 shares of the conglomerate’s stock worth $815,000 after purchasing an additional 1,600 shares during the last quarter. Cedar Capital LLC bought a new stake in Honeywell International during the 1st quarter worth about $216,000. Intrust Bank NA raised its holdings in Honeywell International by 0.4% during the 1st quarter. Intrust Bank NA now owns 10,719 shares of the conglomerate’s stock worth $1,338,000 after purchasing an additional 41 shares during the last quarter. Teza Capital Management LLC bought a new stake in Honeywell International during the 1st quarter worth about $2,997,000. Finally, Haverford Trust Co. raised its holdings in Honeywell International by 3.7% during the 1st quarter. Haverford Trust Co. now owns 16,764 shares of the conglomerate’s stock worth $2,093,000 after purchasing an additional 597 shares during the last quarter. 76.24% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on HON. Oppenheimer Holdings, Inc. boosted their price objective on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Cowen and Company reissued an “outperform” rating and set a $150.00 price objective (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Finally, Morgan Stanley boosted their price objective on Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $150.79.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,242 shares of company stock valued at $2,889,943. Insiders own 1.56% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at $146.49 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. Honeywell International Inc. has a 12-month low of $111.78 and a 12-month high of $147.60. The stock has a market capitalization of $111,900.00, a P/E ratio of 21.20, a P/E/G ratio of 2.26 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same period in the previous year, the firm earned $1.60 EPS. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The company 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 dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 2.03%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is 40.30%.
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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