Integrated Advisors Network LLC reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,105 shares of the conglomerate’s stock after selling 376 shares during the period. Integrated Advisors Network LLC’s holdings in Honeywell International were worth $1,828,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Crewe Advisors LLC grew its position in Honeywell International by 73.0% during the 3rd quarter. Crewe Advisors LLC now owns 173 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Campbell Wealth Management purchased a new stake in shares of Honeywell International in the second quarter valued at about $26,000. Evolution Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 98.0% in the third quarter. Evolution Wealth Advisors LLC now owns 198 shares of the conglomerate’s stock valued at $33,000 after acquiring an additional 98 shares in the last quarter. Fiduciary Planning LLC purchased a new stake in shares of Honeywell International in the third quarter valued at about $36,000. Finally, Rockbridge Investment Management LCC purchased a new stake in shares of Honeywell International in the second quarter valued at about $33,000. 75.30% of the stock is currently owned by institutional investors.
Shares of NYSE:HON traded down $4.81 during trading on Tuesday, reaching $203.78. The stock had a trading volume of 50,013 shares, compared to its average volume of 3,564,236. Honeywell International Inc. has a fifty-two week low of $101.08 and a fifty-two week high of $210.00. The business has a fifty day moving average price of $175.68 and a 200-day moving average price of $157.10. The stock has a market cap of $146.36 billion, a P/E ratio of 29.93, a PEG ratio of 3.31 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 30th. The conglomerate reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The firm had revenue of $7.80 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the firm earned $2.08 earnings per share. Honeywell International’s revenue was down 14.2% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International Inc. will post 7.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.93 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 12th. Honeywell International’s payout ratio is currently 45.59%.
In other Honeywell International news, CEO Darius Adamczyk sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $163.95, for a total transaction of $3,279,000.00. Following the completion of the sale, the chief executive officer now directly owns 200,677 shares in the company, valued at $32,900,994.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Honeywell International Inc acquired 220,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were acquired at an average price of $3.64 per share, with a total value of $800,800.00. Following the completion of the purchase, the insider now owns 97,200 shares of the company’s stock, valued at $353,808. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 756,849 shares of company stock valued at $2,916,197 and have sold 51,717 shares valued at $9,097,448. 0.64% of the stock is owned by insiders.
HON has been the topic of several analyst reports. Argus lifted their target price on shares of Honeywell International from $185.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $174.00 to $169.00 and set a “sector perform” rating on the stock in a report on Monday, November 2nd. Credit Suisse Group boosted their price objective on shares of Honeywell International from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $198.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Finally, Morgan Stanley boosted their price objective on shares of Honeywell International from $172.00 to $178.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $167.28.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. The Aerospace 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; thermal systems; and connected solutions and data services for the aftermarket, as well as wireless connectivity, and management and technical services.
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