Marketfield Asset Management LLC Cuts Stake in Honeywell International Inc. (NYSE:HON)
Marketfield Asset Management LLC reduced its stake in Honeywell International Inc. (NYSE:HON) by 21.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,695 shares of the conglomerate’s stock after selling 5,979 shares during the period. Honeywell International makes up 2.0% of Marketfield Asset Management LLC’s portfolio, making the stock its 21st biggest position. Marketfield Asset Management LLC’s holdings in Honeywell International were worth $3,788,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Geode Capital Management LLC grew its holdings in shares of Honeywell International by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Honeywell International by 5.4% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 21,324 shares of the conglomerate’s stock valued at $3,389,000 after acquiring an additional 1,086 shares in the last quarter. Bath Savings Trust Co raised its holdings in shares of Honeywell International by 26.5% during the first quarter. Bath Savings Trust Co now owns 15,829 shares of the conglomerate’s stock valued at $2,516,000 after acquiring an additional 3,315 shares in the last quarter. Cumberland Advisors Inc. bought a new position in shares of Honeywell International during the first quarter valued at approximately $234,000. Finally, First Financial Bank Trust Division raised its holdings in shares of Honeywell International by 1.6% during the first quarter. First Financial Bank Trust Division now owns 17,889 shares of the conglomerate’s stock valued at $2,843,000 after acquiring an additional 276 shares in the last quarter. 77.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE HON traded down $1.27 during trading on Thursday, reaching $162.52. The company had a trading volume of 57,366 shares, compared to its average volume of 2,254,228. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $178.47. The stock has a market cap of $119.34 billion, a PE ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 1.09. The business’s 50-day moving average is $170.95 and its 200 day moving average is $165.07. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.82 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
A number of brokerages recently commented on HON. Barclays upped their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Morgan Stanley upped their target price on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Cowen restated a “buy” rating and set a $180.00 target price on shares of Honeywell International in a report on Friday, August 2nd. Finally, Jefferies Financial Group upped their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $184.08.
In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the sale, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the sale, the chief executive officer now owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is owned by company insiders.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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