Usca Ria LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 4,815 shares of the company’s stock after selling 106 shares during the period. Usca Ria LLC’s holdings in Honeywell International were worth $561,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. CWM LLC increased its position in shares of Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the company’s stock valued at $100,000 after buying an additional 274 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock valued at $104,000 after buying an additional 10 shares during the last quarter. Assetmark Inc. increased its position in shares of Honeywell International by 2.6% in the third quarter. Assetmark Inc. now owns 900 shares of the company’s stock valued at $105,000 after buying an additional 23 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Honeywell International by 150.5% in the third quarter. Global X Management Co. LLC now owns 942 shares of the company’s stock valued at $110,000 after buying an additional 566 shares during the last quarter. Finally, Woodmont Investment Counsel LLC purchased a new position in shares of Honeywell International during the third quarter valued at $132,000. 76.33% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded up 0.99% during trading on Friday, hitting $121.85. The stock had a trading volume of 3,590,330 shares. The company’s 50-day moving average is $117.98 and its 200 day moving average is $114.82. Honeywell International Inc. has a 52 week low of $101.25 and a 52 week high of $122.00. The firm has a market cap of $92.90 billion, a PE ratio of 19.65 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 27th. The company reported $1.74 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.74. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%. The company earned $9.99 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the business earned $1.58 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post $7.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Wednesday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 43.39%.
Several research analysts recently weighed in on HON shares. Vetr raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $122.81 target price for the company in a research note on Monday, December 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $133.00 price objective (up previously from $130.00) on shares of Honeywell International in a research note on Monday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $128.00 price objective on shares of Honeywell International in a research note on Saturday, December 17th. Argus reaffirmed a “buy” rating on shares of Honeywell International in a research note on Monday, October 24th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $110.00 price objective on shares of Honeywell International in a research note on Monday, December 19th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $126.83.
In other news, Director Linnet F. Deily sold 1,690 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $116.74, for a total transaction of $197,290.60. Following the completion of the sale, the director now directly owns 4,269 shares of the company’s stock, valued at approximately $498,363.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.83% of the stock is owned by company insiders.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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