Trading Report: The 76 Shares of Honeywell International Inc. (HON) are sold by Sadoff Investment Management LLC

The 76 Shares of Honeywell International Inc. (HON) are sold by Sadoff Investment Management LLC

Sadoff Investment Management LLC cut its stake in Honeywell International Inc. (NYSE:HON) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,296 shares of the company’s stock after selling 76 shares during the period. Sadoff Investment Management LLC’s holdings in Honeywell International were worth $384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. American National Bank raised its position in shares of Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares during the last quarter. First Personal Financial Services raised its position in shares of Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares during the last quarter. Bruderman Asset Management LLC raised its position in shares of Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Honeywell International by 78.2% in the second quarter. Tortoise Investment Management LLC now owns 1,367 shares of the company’s stock valued at $159,000 after buying an additional 600 shares during 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 trading on Friday, hitting $114.17. The stock had a trading volume of 831,276 shares. Honeywell International Inc. has a 1-year low of $93.71 and a 1-year high of $120.02. The firm has a market capitalization of $87.01 billion, a P/E ratio of 17.87 and a beta of 0.94. The stock’s 50-day moving average price is $110.08 and its 200 day moving average price is $114.32.

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

The business 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. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, November 16th. Honeywell International’s payout ratio is currently 42.09%.

A number of research analysts have recently weighed in on the company. Vetr upgraded Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 target price on the stock in a report on Wednesday, November 16th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $122.00 target price (down previously from $128.00) on shares of Honeywell International in a report on Wednesday, October 12th. Barclays PLC set a $128.00 target price on Honeywell International and gave the company a “buy” rating in a report on Wednesday, October 12th. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating in a report on Monday, October 17th. Finally, Citigroup Inc. dropped their target price on Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a report on Monday, October 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and an average price target of $125.48.

In other news, Director Bradley T. Sheares sold 3,000 shares of the business’s stock in a transaction that occurred 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 approximately $801,607.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.83% of the stock is owned by insiders.

Honeywell International Company Profile

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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