First Fiduciary Investment Counsel Inc. Sells 3,045 Shares of Honeywell International Inc. (HON)

First Fiduciary Investment Counsel Inc. trimmed its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,354 shares of the conglomerate’s stock after selling 3,045 shares during the period. Honeywell International accounts for 3.9% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 7th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Honeywell International were worth $20,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HON. Weatherly Asset Management L. P. lifted its stake in shares of Honeywell International by 3.9% in the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock worth $1,231,000 after buying an additional 323 shares in the last quarter. Parthenon LLC lifted its stake in shares of Honeywell International by 16.0% in the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock worth $345,000 after buying an additional 330 shares in the last quarter. Bank of The Ozarks lifted its stake in shares of Honeywell International by 3.1% in the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock worth $1,603,000 after buying an additional 334 shares in the last quarter. Cardinal Capital Management Inc. lifted its stake in shares of Honeywell International by 0.3% in the third quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock worth $19,031,000 after buying an additional 335 shares in the last quarter. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Honeywell International by 40.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after buying an additional 345 shares in the last quarter. 75.05% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on HON. ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Cowen reissued a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a research note on Friday, October 19th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a research report on Monday, July 23rd. Zacks Investment Research cut shares of Honeywell International from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 25th. Finally, MED started coverage on shares of Honeywell International in a research report on Thursday, July 12th. They set a “buy” rating and a $166.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $173.25.



Shares of HON opened at $141.06 on Tuesday. Honeywell International Inc. has a 1-year low of $139.30 and a 1-year high of $167.72. The stock has a market cap of $108.11 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.87 and a beta of 0.99. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The business had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the business earned $1.75 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Honeywell International Inc. will post 7.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.33%. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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

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