Harfst & Associates Inc. Sells 1,651 Shares of Honeywell International Inc. (HON)
Harfst & Associates Inc. lessened its holdings in Honeywell International Inc. (NYSE:HON) by 64.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 906 shares of the conglomerate’s stock after selling 1,651 shares during the period. Harfst & Associates Inc.’s holdings in Honeywell International were worth $120,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ffcm LLC lifted its stake in shares of Honeywell International by 7.6% during the first quarter. Ffcm LLC now owns 22,768 shares of the conglomerate’s stock valued at $2,844,000 after buying an additional 1,603 shares during the period. Norinchukin Bank The raised its stake in Honeywell International by 4.2% during the first quarter. Norinchukin Bank The now owns 88,452 shares of the conglomerate’s stock worth $11,045,000 after purchasing an additional 3,532 shares during the period. AGF Investments America Inc. raised its stake in Honeywell International by 1.8% during the first quarter. AGF Investments America Inc. now owns 46,034 shares of the conglomerate’s stock worth $5,748,000 after purchasing an additional 803 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in Honeywell International by 1.6% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 12,855 shares of the conglomerate’s stock worth $1,605,000 after purchasing an additional 201 shares during the period. Finally, AGF Investments Inc. raised its stake in Honeywell International by 5.5% during the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after purchasing an additional 105,943 shares during the period. 76.04% of the stock is currently owned by institutional investors.
In other news, Director Bradley T. Sheares sold 1,328 shares of the business’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 transaction of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s 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. 1.56% of the stock is currently owned by company insiders.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Cowen reaffirmed an “outperform” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Morgan Stanley lifted their target price on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Finally, Robert W. Baird restated a “buy” rating and set a $156.00 price target (up from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $151.92.
Honeywell International Inc. (NYSE HON) traded down $0.63 during midday trading on Tuesday, reaching $153.77. The company had a trading volume of 3,250,400 shares, compared to its average volume of 2,712,713. Honeywell International Inc. has a twelve month low of $112.66 and a twelve month high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $117,625.43, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS. analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
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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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