Covenant Multifamily Offices LLC Sells 3,934 Shares of Honeywell International Inc. (HON)
Covenant Multifamily Offices LLC lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 18.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,361 shares of the conglomerate’s stock after selling 3,934 shares during the period. Honeywell International accounts for approximately 1.4% of Covenant Multifamily Offices LLC’s portfolio, making the stock its 21st largest position. Covenant Multifamily Offices LLC’s holdings in Honeywell International were worth $2,168,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in 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 valued at $101,000 after buying an additional 3 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 valued at $312,000 after buying an additional 8 shares in the last quarter. 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 valued at $502,000 after buying an additional 14 shares in the last quarter. Point View Wealth Management Inc. raised its position in Honeywell International by 1.0% in the first quarter. Point View Wealth Management Inc. now owns 1,871 shares of the conglomerate’s stock valued at $234,000 after buying an additional 19 shares in the last quarter. Finally, Regents of The University of California raised its position in Honeywell International by 0.5% in the first quarter. Regents of The University of California now owns 4,223 shares of the conglomerate’s stock valued at $527,000 after buying an additional 23 shares in the last quarter. 75.89% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (NYSE HON) traded down 0.25% during midday trading on Friday, hitting $137.92. The company’s stock had a trading volume of 590,033 shares. The company has a market cap of $104.90 billion, a price-to-earnings ratio of 21.39 and a beta of 0.94. The company’s 50-day moving average is $137.11 and its 200 day moving average is $131.21. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates 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 company earned $1.70 earnings per share. On average, analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.
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Several research firms have recently issued reports on HON. HSBC Holdings plc began coverage on Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the stock a “buy” rating in a research report on Sunday, August 27th. Finally, BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $141.18.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the completion of the transaction, the chief financial officer now directly owns 5,702 shares in the company, valued at $781,288.04. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock worth $48,886,463 over the last three months. Corporate insiders own 1.56% of the company’s stock.
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.
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