Shikiar Asset Management Inc. Has $691,000 Stake in Honeywell International Inc. (HON)

Shikiar Asset Management Inc. lowered its position in Honeywell International Inc. (NYSE:HON) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 4,800 shares of the conglomerate’s stock after selling 525 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Honeywell International were worth $691,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HON. CX Institutional purchased a new stake in Honeywell International during the 2nd quarter worth approximately $100,000. Wagner Wealth Management LLC purchased a new stake in Honeywell International during the 4th quarter worth approximately $101,000. Well Done LLC purchased a new stake in Honeywell International during the 1st quarter worth approximately $103,000. Jolley Asset Management LLC purchased a new stake in Honeywell International during the 2nd quarter worth approximately $104,000. Finally, Bruderman Asset Management LLC purchased a new stake in Honeywell International during the 1st quarter worth approximately $114,000. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Honeywell International opened at $155.90 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. Honeywell International Inc. has a 12 month low of $134.50 and a 12 month high of $165.13. The company has a market cap of $116.51 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, beating the consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business had revenue of $10.92 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the business posted $1.80 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. equities research analysts forecast that Honeywell International Inc. will post 8.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.91%. The ex-dividend date is Thursday, August 16th. Honeywell International’s payout ratio is 41.91%.

In other Honeywell International news, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timothy O. Mahoney sold 114,489 shares of Honeywell International stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the sale, the insider now owns 314,725 shares of the company’s stock, valued at $47,271,695. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,977 shares of company stock valued at $19,788,828. Company insiders own 1.33% of the company’s stock.

Several research firms have weighed in on HON. Stifel Nicolaus boosted their target price on shares of Honeywell International from $157.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Barclays boosted their target price on shares of Honeywell International from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Monday, April 23rd. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Monday, May 28th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Oppenheimer dropped their target price on shares of Honeywell International from $180.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, April 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $170.41.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Zinc may not immediately come to mind as an important metal for the global economy, but its actually the fourth most common metal in use -�trailing only iron, aluminium and copper. That��s because zinc would�most commonly be used as an anti-corrosion agent and for galvanization (coating of iron or steel) plus for other�industrial purposes (e.g. used as pigments,�preservatives, propellants etc). Zinc�was�also one of the best performing metals in 2016 and the outlook remains strong due in part to a global supply deficit��� meaning there are opportunities in zinc even for small cap miners. �

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  Compass Capital Management Inc. bought a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,535 shares of the transportation company’s stock, valued at approximately $207,000.

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Will Colgate-Palmolive Announce a Growth Rebound This Week?

The consumer staples industry has been hampered by slow growth and rising costs that companies are struggling to pass along to consumers. Colgate Palmolive�(NYSE:CL) hasn't proven itself to be immune from these challenges. In fact, the market share leader in toothpaste and toothbrushes lowered its sales outlook last quarter, which helped the stock underperform the broader market through the first half of 2018.

Colgate has a chance to shift that dynamic when it posts second-quarter results on Friday, July 27. However, investors aren't expecting dramatic improvements in its operating trends.

Image source: Getty Images.

Market share checkup

Colgate managed to accelerate sales growth up to 2% at the end of fiscal year 2017. Yet that success didn't carry over into the current year. Instead, sales inched higher by just 1.5% in the first quarter to trail management's expectations.

CEO Ian Cook said the period was "a challenging one as category growth remained soft in many markets around the world." Executives highlighted healthy volume gains in developed markets like the United States and Europe, but said emerging markets were much weaker.

The good news is, despite tough sales conditions in the industry, executives expect sales gains to speed up over the next few quarters. Thus, investors will be looking for Colgate to announce better organic growth results than its most recent 1.5% uptick.

The company will also update investors on its market share position, which should stay strong. At its last check-in Colgate revealed that it controlled 43.3% of the global toothpaste market and 32.6% of worldwide sales of manual toothbrushes.

Costs and prices

Faster growth might come at a price, though. For Colgate, this trade-off would show up in two key places. First, keep an eye on gross profit margin, which ticked down to 60.2% of sales from 60.3% last quarter. That figure isn't likely to rebound without stronger pricing trends than the flat result investors saw in the first quarter. If Colgate can't pass along rising raw material prices to its customers, then management's cost cutting efforts won't do much more than limit profitability declines.

Second, investors should watch for changes in operating profit margin, which will reflect the company's stepped-up advertising and marketing commitments. That metric dipped to 25.2% last quarter from 25.4% as the company boosted ad spending by 4% to $416 million. Cook said management plans to continue that marketing effort so that, with help from innovative product launches, sales growth trends will improve over the next few quarters.

Updated forecast

Finally, watch for an updated 2018 outlook that reflects the latest sales and profit trends. That forecast received a minor downgrade on both the top and bottom lines in late April. Regarding sales growth, management said they see organic revenue rising in the low single-digits whereas the prior forecast left open the possibility for mid-single-digit gains.

On profits, executives predicted low double-digit growth in per-share earnings for a slight decrease from their late January prediction. While it's possible that the 2018 forecast will rise due to a rebound in demand, the more likely scenario involves a steady, or even slightly deteriorating, outlook that follows the weak trends in the broader industry. As usual, investors can expect the earnings pinch to be muted this year, thanks to Colgate's dominant market position and its rock-solid finances.