Aviance Capital Management LLC Sells 487 Shares of Honeywell International Inc. (HON)
Aviance Capital Management LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 4.5% during the first quarter, Holdings Channel reports. The fund owned 10,360 shares of the conglomerate’s stock after selling 487 shares during the period. Aviance Capital Management LLC’s holdings in Honeywell International were worth $1,294,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in HON. Crestwood Advisors Group LLC bought a new position in shares of Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. boosted its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. boosted its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. MCF Advisors LLC boosted its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock worth $124,000 after buying an additional 340 shares during the period. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded down 0.17% during mid-day trading on Friday, reaching $135.62. The company’s stock had a trading volume of 791,039 shares. The firm’s 50-day moving average price is $136.35 and its 200 day moving average price is $129.97. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The firm has a market cap of $103.15 billion, a P/E ratio of 21.03 and a beta of 0.94.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. On average, analysts expect that Honeywell International Inc. will post $7.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.96%. Honeywell International’s payout ratio is 41.24%.
A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. HSBC Holdings plc assumed coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target on the stock. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $148.00 target price on shares of Honeywell International in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reissued a “hold” rating and set a $122.00 target price on shares of Honeywell International in a research note on Friday, April 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus target price of $139.64.
In other Honeywell International news, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the completion of the sale, the vice president now directly owns 3,141 shares in the company, valued at approximately $414,235.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders sold a total of 469,799 shares of company stock valued at $64,094,877 in the last ninety days. 1.56% of the stock is currently owned by insiders.
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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