Chase Investment Counsel Corp lowered its position in Honeywell International Inc. (NYSE:HON) by 7.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 31,224 shares of the conglomerate’s stock after selling 2,551 shares during the period. Honeywell International accounts for about 2.0% of Chase Investment Counsel Corp’s portfolio, making the stock its 22nd largest position. Chase Investment Counsel Corp’s holdings in Honeywell International were worth $4,161,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HON. Hanson McClain Inc. raised its position in 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 in the last quarter. Addison Capital Co raised its position in Honeywell International by 0.3% in the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after buying an additional 7 shares in the last quarter. Weatherly Asset Management L. P. raised its position in Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock worth $312,000 after buying an additional 8 shares in the last quarter. Keel Point LLC raised its position in Honeywell International by 0.3% in the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after buying an additional 10 shares in the last quarter. Finally, Hudock Capital Group LLC raised its position in Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock worth $502,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

Honeywell International Inc. (NYSE:HON) traded down 0.08% during mid-day trading on Wednesday, reaching $137.52. 603,777 shares of the company’s stock traded hands. The firm has a 50 day moving average of $136.74 and a 200 day moving average of $130.72. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The firm has a market cap of $104.59 billion, a PE ratio of 21.32 and a beta of 0.94.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for 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%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. Analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.

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A number of equities analysts recently commented on HON shares. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research note on Thursday, July 20th. Morgan Stanley reissued an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc initiated coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $141.18.

In related news, CFO Thomas A. Szlosek sold 803 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares in the company, valued at $781,288.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,108 shares of company stock worth $48,886,463. 1.56% of the stock is owned by company insiders.

Honeywell International Company Profile

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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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