Honeywell International Inc. (HON) Shares Sold by Sigma Planning Corp
Sigma Planning Corp lowered its stake in Honeywell International Inc. (NYSE:HON) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,055 shares of the conglomerate’s stock after selling 931 shares during the quarter. Sigma Planning Corp’s holdings in Honeywell International were worth $2,673,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its stake in Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after purchasing an additional 773,734 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after purchasing an additional 2,114,627 shares in the last quarter. Swiss National Bank lifted its stake in Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after purchasing an additional 552,100 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Honeywell International by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock worth $327,636,000 after purchasing an additional 114,309 shares in the last quarter. Finally, AGF Investments Inc. lifted its stake in Honeywell International by 5.5% in the 1st quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after purchasing an additional 105,943 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.
Honeywell International Inc. (HON) opened at 143.43 on Wednesday. The firm has a 50-day moving average of $139.95 and a 200-day moving average of $134.50. Honeywell International Inc. has a 52 week low of $107.41 and a 52 week high of $145.30. The company has a market capitalization of $109.09 billion, a P/E ratio of 22.24 and a beta of 0.95.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) 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 the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. Analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s payout ratio is 41.24%.
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Several brokerages have commented on HON. Citigroup Inc. boosted their price target on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Cowen and Company restated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $156.00 target price (up from $140.00) on shares of Honeywell International in a research report on Wednesday, October 11th. Argus upped their target price on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $149.52.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas A. Szlosek sold 803 shares of the business’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 transaction of $110,027.06. Following the completion of the sale, 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 a total of 354,108 shares of company stock worth $48,886,463 over the last three months. Insiders own 1.56% of the company’s stock.
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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