Sawtooth Solutions LLC Sells 472 Shares of Honeywell International Inc. (HON)
Sawtooth Solutions LLC lowered its holdings in Honeywell International Inc. (NYSE:HON) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,626 shares of the conglomerate’s stock after selling 472 shares during the period. Sawtooth Solutions LLC’s holdings in Honeywell International were worth $750,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Hanson McClain Inc. lifted its holdings in shares of Honeywell International by 0.4% during the 1st 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. Burt Wealth Advisors lifted its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares during the period. Guidant Wealth Advisors lifted its holdings in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the period. Mosaic Family Wealth LLC lifted its holdings in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares during the period. Finally, Jolley Asset Management LLC lifted its holdings in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on HON. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Cowen and Company reaffirmed an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International has an average rating of “Buy” and a consensus price target of $150.79.
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Shares of Honeywell International Inc. (HON) opened at $145.75 on Friday. Honeywell International Inc. has a 12-month low of $111.78 and a 12-month high of $147.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market cap of $111,035.70, a price-to-earnings ratio of 20.97, a PEG ratio of 2.24 and a beta of 0.97.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period in the prior year, the company posted $1.60 earnings per share. Honeywell International’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current 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 given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio is 40.30%.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.
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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