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.
Get Honeywell International alerts: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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