The Buckingham Asset Management LLC cuts position of Honeywell International Inc. (HON)

The Buckingham Asset Management LLC cuts position of Honeywell International Inc. (HON)

Buckingham Asset Management LLC cut its stake in Honeywell International Inc. (NYSE:HON) by 31.7% during the second quarter, Holdings Channel reports. The firm owned 3,857 shares of the company’s stock after selling 1,791 shares during the period. Buckingham Asset Management LLC’s holdings in Honeywell International were worth $449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AGF Investments Inc. boosted its position in Honeywell International by 10.8% in the second quarter. AGF Investments Inc. now owns 1,885,867 shares of the company’s stock valued at $219,311,000 after buying an additional 183,397 shares during the period. Capstone Asset Management Co. boosted its position in Honeywell International by 5.8% in the second quarter. Capstone Asset Management Co. now owns 129,863 shares of the company’s stock valued at $15,106,000 after buying an additional 7,168 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in Honeywell International by 7.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 145,296 shares of the company’s stock valued at $16,901,000 after buying an additional 9,517 shares during the period. National Pension Service boosted its position in Honeywell International by 4.2% in the first quarter. National Pension Service now owns 383,695 shares of the company’s stock valued at $42,993,000 after buying an additional 15,529 shares during the period. Finally, LPL Financial LLC boosted its position in Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock valued at $46,510,000 after buying an additional 143,685 shares during the period. Hedge funds and other institutional investors own 76.49% of the company’s stock.

Shares of Honeywell International Inc. (NYSE:HON) traded up 0.92% during mid-day trading on Friday, reaching $109.83. 2,878,656 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $112.07 and its 200-day moving average is $114.69. The stock has a market cap of $83.70 billion, a price-to-earnings ratio of 17.19 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $93.71 and a 52-week high of $120.02.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 21st. The company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.07. The business had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.78 billion. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. The firm’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. On average, equities analysts expect that Honeywell International Inc. will post $6.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 2.42%. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s payout ratio is presently 37.66%.

HON has been the subject of several recent research reports. Morgan Stanley reissued a “buy” rating and set a $127.00 target price on shares of Honeywell International in a research note on Tuesday, September 6th. Barclays PLC set a $128.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Wednesday, October 12th. Deutsche Bank AG reissued a “buy” rating and set a $113.00 target price on shares of Honeywell International in a research note on Thursday, August 25th. Jefferies Group reissued a “buy” rating and set a $130.00 target price on shares of Honeywell International in a research note on Friday, October 7th. Finally, Bank of America Corp. reissued a “buy” rating and set a $125.00 target price on shares of Honeywell International in a research note on Friday, October 7th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $124.50.

In related news, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares in the company, valued at $26,074,668.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $116.29, for a total transaction of $69,774.00. Following the transaction, the insider now owns 68,398 shares in the company, valued at $7,954,003.42. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.

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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