Cabot Wellington LLC lowered its position in Honeywell International Inc. (NYSE:HON) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 2,640 shares of the company’s stock after selling 200 shares during the period. Honeywell International accounts for about 0.3% of Cabot Wellington LLC’s investment portfolio, making the stock its 16th largest position. Cabot Wellington LLC’s holdings in Honeywell International were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlanta Capital Group raised its position in shares of Honeywell International by 0.5% in the second quarter. Atlanta Capital Group now owns 31,742 shares of the company’s stock valued at $3,692,000 after buying an additional 170 shares during the last quarter. Bruderman Asset Management LLC raised its position in shares of Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in shares of Honeywell International by 31.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 14,804 shares of the company’s stock valued at $1,722,000 after buying an additional 3,526 shares during the last quarter. SSI Investment Management Inc. raised its position in shares of Honeywell International by 1.4% in the second quarter. SSI Investment Management Inc. now owns 2,309 shares of the company’s stock valued at $269,000 after buying an additional 33 shares during the last quarter. Finally, AT Bancorp raised its position in shares of Honeywell International by 0.4% in the second quarter. AT Bancorp now owns 9,816 shares of the company’s stock valued at $1,142,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.

Honeywell International Inc. (NYSE:HON) traded down 0.06% during midday trading on Wednesday, reaching $114.80. 902,159 shares of the company were exchanged. Honeywell International Inc. has a one year low of $91.57 and a one year high of $120.02. The firm’s 50-day moving average is $115.61 and its 200-day moving average is $114.64. The firm has a market cap of $87.35 billion, a P/E ratio of 18.16 and a beta of 1.07.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 22nd. The company reported $1.66 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 company earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. During the same period last year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts expect that Honeywell International Inc. will post $6.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.

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

In related news, VP Jennifer H. Mak sold 277 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the sale, the vice president now directly owns 420 shares in the company, valued at $48,526.80. The transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.

Honeywell International Company Profile

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.

5 Day Chart for NYSE:HON

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