M Holdings Securities Inc. Sells 3,534 Shares of Honeywell International Inc. (NYSE:HON)

M Holdings Securities Inc. reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 16.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,545 shares of the conglomerate’s stock after selling 3,534 shares during the quarter. Honeywell International accounts for approximately 1.1% of M Holdings Securities Inc.’s investment portfolio, making the stock its 25th biggest holding. M Holdings Securities Inc.’s holdings in Honeywell International were worth $3,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its position in shares of Honeywell International by 10,615.4% in the second quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock valued at $1,580,640,000 after purchasing an additional 8,968,947 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of Honeywell International by 18,092.3% in the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after purchasing an additional 2,539,617 shares during the period. BlackRock Inc. raised its position in shares of Honeywell International by 3.7% in the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock valued at $7,847,743,000 after purchasing an additional 1,623,768 shares during the period. Janus Henderson Group PLC raised its position in shares of Honeywell International by 131.0% in the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock valued at $495,664,000 after purchasing an additional 1,610,006 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock valued at $1,099,530,000 after acquiring an additional 544,684 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock worth $4,141,655 over the last quarter. Corporate insiders own 0.73% of the company’s stock.



Honeywell International stock traded up $0.99 during trading hours on Wednesday, reaching $166.75. 431,046 shares of the stock were exchanged, compared to its average volume of 3,102,628. The company has a market cap of $121.10 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10. The company has a current ratio of 1.19, a quick ratio of 0.96 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 stock has a 50 day moving average of $165.36 and a two-hundred day moving average of $167.33.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $0.82 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s payout ratio is 40.95%.

HON has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays upped their price target on shares of 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 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup upped their price target on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $183.58.

Honeywell International 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.

Featured Story: Ex-Dividend

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

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