Trade Report: Today, Klingenstein Fields & Co. LLC decides to keep it stake in Honeywell International Inc. (HON) to the level of $41,209,000

Today, Klingenstein Fields & Co. LLC decides to keep it stake in Honeywell International Inc. (HON) to the level of $41,209,000

Klingenstein Fields & Co. LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 353,451 shares of the company’s stock after selling 399 shares during the period. Honeywell International accounts for 1.9% of Klingenstein Fields & Co. LLC’s investment portfolio, making the stock its 10th largest position. Klingenstein Fields & Co. LLC’s holdings in Honeywell International were worth $41,209,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock worth $5,196,607,000 after buying an additional 1,587,804 shares in the last quarter. FMR LLC raised its position in Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock worth $1,596,106,000 after buying an additional 358,668 shares in the last quarter. BlackRock Fund Advisors raised its position in Honeywell International by 3.5% in the second quarter. BlackRock Fund Advisors now owns 8,980,272 shares of the company’s stock worth $1,044,585,000 after buying an additional 303,034 shares in the last quarter. Janus Capital Management LLC raised its position in Honeywell International by 0.6% in the second quarter. Janus Capital Management LLC now owns 5,883,115 shares of the company’s stock worth $684,307,000 after buying an additional 34,400 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Honeywell International by 14.0% in the second quarter. Alliancebernstein L.P. now owns 4,974,117 shares of the company’s stock worth $578,589,000 after buying an additional 610,723 shares in the last quarter. Institutional investors own 75.84% of the company’s stock.

Shares of Honeywell International Inc. (NYSE:HON) opened at 114.17 on Friday. The stock has a market capitalization of $87.01 billion, a price-to-earnings ratio of 17.87 and a beta of 0.94. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02. The company has a 50-day moving average of $110.08 and a 200 day moving average of $114.32.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 21st. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by $0.03. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. The firm earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the prior year, the business earned $1.60 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post $6.60 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be given a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s dividend payout ratio (DPR) is currently 42.09%.

HON has been the subject of several recent research reports. Morgan Stanley set a $130.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Monday, August 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $113.00 target price on shares of Honeywell International in a report on Thursday, August 25th. Robert W. Baird initiated coverage on shares of Honeywell International in a report on Thursday, October 6th. They set an “outperform” rating and a $135.00 target price for the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $113.35 target price on shares of Honeywell International in a report on Friday, October 7th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $130.00 target price on shares of Honeywell International in a report on Friday, October 7th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $125.48.

In other news, Director Bradley T. Sheares sold 3,000 shares of the firm’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 completion of the transaction, the director now owns 7,288 shares in the company, valued at $801,607.12. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.83% of the stock is owned by insiders.

Honeywell International Company Profile

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