Honeywell International Inc. (NYSE:HON) Shares Sold by Mackay Shields LLC

Mackay Shields LLC lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 8.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,106 shares of the conglomerate’s stock after selling 9,967 shares during the period. Mackay Shields LLC’s holdings in Honeywell International were worth $23,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HON. Founders Financial Alliance LLC boosted its stake in shares of Honeywell International by 0.5% during the second quarter. Founders Financial Alliance LLC now owns 8,609 shares of the conglomerate’s stock valued at $1,890,000 after purchasing an additional 44 shares in the last quarter. Highland Private Wealth Management boosted its stake in shares of Honeywell International by 4.1% during the second quarter. Highland Private Wealth Management now owns 1,110 shares of the conglomerate’s stock valued at $243,000 after purchasing an additional 44 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Honeywell International by 0.9% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 4,951 shares of the conglomerate’s stock valued at $1,086,000 after purchasing an additional 44 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Honeywell International by 8.3% during the second quarter. Glassman Wealth Services now owns 585 shares of the conglomerate’s stock valued at $128,000 after purchasing an additional 45 shares in the last quarter. Finally, Cypress Capital Group lifted its stake in shares of Honeywell International by 1.0% in the second quarter. Cypress Capital Group now owns 4,510 shares of the conglomerate’s stock worth $989,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.

In other news, CEO Darius Adamczyk sold 28,571 shares of the stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $231.97, for a total value of $6,627,614.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Que Dallara sold 10,759 shares of the stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the completion of the transaction, the chief executive officer now directly owns 3,495 shares of the company’s stock, valued at approximately $808,323.60. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Shares of Honeywell International stock traded up $2.67 during trading on Thursday, hitting $218.25. 57,704 shares of the stock traded hands, compared to its average volume of 2,697,996. The company has a quick ratio of 1.15, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The stock has a market cap of $150.68 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.16. The firm’s fifty day moving average is $223.73 and its 200-day moving average is $224.47. Honeywell International Inc. has a 52 week low of $159.42 and a 52 week high of $236.86.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.66 billion. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. On average, analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be issued a dividend of $0.98 per share. The ex-dividend date is Wednesday, November 10th. This is a boost from Honeywell International’s previous quarterly dividend of $0.93. This represents a $3.92 annualized dividend and a yield of 1.80%. Honeywell International’s dividend payout ratio is currently 52.39%.

A number of brokerages have weighed in on HON. Royal Bank of Canada lifted their target price on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a report on Monday, July 26th. Morgan Stanley decreased their price objective on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating for the company in a report on Thursday, October 7th. Robert W. Baird boosted their price objective on Honeywell International from $247.00 to $251.00 and gave the company an “outperform” rating in a report on Monday, July 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, July 26th. Finally, Wells Fargo & Company started coverage on Honeywell International in a research report on Thursday, October 7th. They set an “equal weight” rating and a $229.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $230.21.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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