Montag & Caldwell LLC Sells 10,208 Shares of Honeywell International Inc. (NYSE:HON)

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Montag & Caldwell LLC lessened its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 353,593 shares of the conglomerate’s stock after selling 10,208 shares during the period. Honeywell International accounts for 3.2% of Montag & Caldwell LLC’s holdings, making the stock its 15th largest position. Montag & Caldwell LLC’s holdings in Honeywell International were worth $61,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. SevenBridge Financial Group LLC increased its stake in shares of Honeywell International by 0.5% in the 2nd quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock valued at $2,014,000 after buying an additional 60 shares during the period. Claro Advisors LLC increased its stake in shares of Honeywell International by 0.8% in the 2nd quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock valued at $1,361,000 after buying an additional 60 shares during the period. Claraphi Advisory Network LLC increased its stake in shares of Honeywell International by 1.3% in the 2nd quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after buying an additional 61 shares during the period. Searle & CO. increased its stake in shares of Honeywell International by 0.3% in the 1st quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock valued at $3,122,000 after buying an additional 62 shares during the period. Finally, Nwam LLC increased its stake in shares of Honeywell International by 1.5% in the 2nd quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock valued at $786,000 after buying an additional 65 shares during the period. 77.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Honeywell International stock traded down $1.69 during trading on Thursday, reaching $162.35. 937,200 shares of the company were exchanged, compared to its average volume of 2,508,685. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The business’s 50-day simple moving average is $172.44. The stock has a market cap of $118.72 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. On average, analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

Several research firms have recently commented on HON. Morgan Stanley lifted their target price on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Barclays lifted their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Deutsche Bank lifted their target price on Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Jefferies Financial Group lifted their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $184.08.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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