Honeywell International Inc. (HON) Shares Sold by Abner Herrman & Brock LLC
Abner Herrman & Brock LLC lessened its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,397 shares of the conglomerate’s stock after selling 194 shares during the quarter. Honeywell International comprises about 2.0% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 17th biggest holding. Abner Herrman & Brock LLC’s holdings in Honeywell International were worth $10,316,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hanson McClain Inc. grew its stake 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 acquiring an additional 3 shares during the period. MCF Advisors LLC raised its holdings in shares of Honeywell International by 55.8% during the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 335 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Honeywell International by 56.7% during the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 340 shares during the period. SRS Capital Advisors Inc. lifted its position in Honeywell International by 12.6% during the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after purchasing an additional 124 shares during the period. Finally, Assetmark Inc. lifted its position in Honeywell International by 30.2% during the first quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock valued at $153,000 after purchasing an additional 284 shares during the period. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (HON) traded up 0.40% on Monday, hitting $142.31. 781,715 shares of the company were exchanged. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $142.47. The company has a market capitalization of $108.24 billion, a P/E ratio of 22.07 and a beta of 0.95. The firm’s 50 day moving average is $137.60 and its 200 day moving average is $132.42.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the company posted $1.70 earnings per share. Honeywell International’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
HON has been the subject of a number of research analyst reports. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, August 17th. Deutsche Bank AG reissued a “buy” rating and set a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Jefferies Group LLC restated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday. Finally, Oppenheimer Holdings, Inc. raised their price target on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $142.22.
In related news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 354,108 shares of company stock valued at $48,886,463. 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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