Columbia Asset Management cut its position in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 16,482 shares of the company’s stock after selling 175 shares during the period. Columbia Asset Management’s holdings in Honeywell International were worth $1,922,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HON. Krilogy Financial LLC increased its stake in Honeywell International by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,539 shares of the company’s stock worth $295,000 after buying an additional 8 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock worth $104,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC increased its stake in Honeywell International by 0.7% in the third quarter. Alpha Windward LLC now owns 1,688 shares of the company’s stock worth $197,000 after buying an additional 11 shares in the last quarter. Kanaly Trust Co increased its stake in Honeywell International by 0.8% in the second quarter. Kanaly Trust Co now owns 1,823 shares of the company’s stock worth $212,000 after buying an additional 14 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in Honeywell International by 0.4% in the third quarter. Alpha Cubed Investments LLC now owns 3,708 shares of the company’s stock worth $432,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.30% during midday trading on Friday, reaching $114.17. The company had a trading volume of 831,276 shares. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02. The company has a 50 day moving average of $110.08 and a 200 day moving average of $114.32. The firm has a market capitalization of $87.01 billion, a price-to-earnings ratio of 17.87 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 21st. The company reported $1.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.03. The firm earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.78 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. Honeywell International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 earnings per share. Analysts anticipate that Honeywell International Inc. will post $6.60 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be paid a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 2.33%. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, November 16th. Honeywell International’s dividend payout ratio is presently 42.09%.
HON has been the subject of a number of recent analyst reports. Morgan Stanley reissued a “buy” rating and set a $127.00 target price on shares of Honeywell International in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. downgraded shares of Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 price objective for the company. in a research report on Monday, October 10th. Jefferies Group reaffirmed a “buy” rating and set a $130.00 price objective on shares of Honeywell International in a research report on Friday, October 7th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $113.35 price objective on shares of Honeywell International in a research report on Friday, October 7th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $125.00 price objective on shares of Honeywell International in a research report on Friday, October 7th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $125.48.
In related news, Director Bradley T. Sheares sold 3,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $109.99, for a total value of $329,970.00. Following the sale, the director now directly owns 7,288 shares of the company’s stock, valued at $801,607.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.83% of the stock is owned by corporate 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.