Granite Investment Advisors Inc. decreased its position in Honeywell International Inc. (NYSE:HON) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,518 shares of the company’s stock after selling 1,030 shares during the period. Honeywell International comprises 1.4% of Granite Investment Advisors Inc.’s portfolio, making the stock its 26th largest position. Granite Investment Advisors Inc.’s holdings in Honeywell International were worth $7,156,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Investec Asset Management LTD boosted its position in shares of Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Honeywell International by 23.2% in the first quarter. Teachers Advisors Inc. now owns 1,791,364 shares of the company’s stock worth $200,722,000 after buying an additional 336,816 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Honeywell International by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 8,715,518 shares of the company’s stock worth $976,574,000 after buying an additional 332,057 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Honeywell International by 4.7% in the first quarter. Geode Capital Management LLC now owns 6,480,309 shares of the company’s stock worth $724,716,000 after buying an additional 293,075 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Honeywell International by 31.6% in the first quarter. Glenmede Trust Co. NA now owns 1,137,297 shares of the company’s stock worth $127,432,000 after buying an additional 273,000 shares in the last quarter. 76.55% of the stock is owned by institutional investors and hedge funds.

Honeywell International Inc. (NYSE:HON) traded down 0.88% during mid-day trading on Friday, reaching $114.26. 3,917,058 shares of the company’s stock traded hands. Honeywell International Inc. has a 12 month low of $91.57 and a 12 month high of $120.02. The company has a 50 day moving average price of $115.78 and a 200-day moving average price of $114.33. The stock has a market cap of $86.94 billion, a P/E ratio of 18.08 and a beta of 1.07.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. During the same quarter last year, the business earned $1.51 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post $6.67 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a dividend of $0.595 per share. The ex-dividend date was Wednesday, August 17th. This represents a $2.38 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is 37.66%.

A number of brokerages recently issued reports on HON. Morgan Stanley restated a “buy” rating and set a $127.00 price objective on shares of Honeywell International in a report on Tuesday, September 6th. Deutsche Bank AG restated a “buy” rating and set a $113.00 price objective on shares of Honeywell International in a report on Thursday, August 25th. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Citigroup Inc. restated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a report on Tuesday, July 26th. Finally, Argus boosted their price objective on shares of Honeywell International from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $122.41.

In other Honeywell International news, SVP Katherine L. Adams sold 108,712 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the transaction, the senior vice president now owns 224,530 shares in the company, valued at approximately $26,074,668.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.

About Honeywell International

Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.

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