Stonebridge Capital Management Inc. Trims Holdings in Honeywell International Inc. (NYSE:HON)

Stonebridge Capital Management Inc. trimmed its stake in Honeywell International Inc. (NYSE:HON) by 22.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,250 shares of the conglomerate’s stock after selling 650 shares during the period. Stonebridge Capital Management Inc.’s holdings in Honeywell International were worth $381,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Management Inc. raised its stake in shares of Honeywell International by 4.9% in the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock valued at $4,182,000 after acquiring an additional 1,220 shares during the period. Concentric Wealth Management LLC increased its stake in Honeywell International by 9.6% during the 2nd quarter. Concentric Wealth Management LLC now owns 1,425 shares of the conglomerate’s stock worth $249,000 after buying an additional 125 shares during the period. Ibex Wealth Advisors purchased a new stake in Honeywell International during the 2nd quarter worth approximately $142,000. Rockland Trust Co. increased its stake in Honeywell International by 10.5% during the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after buying an additional 222 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Honeywell International by 513.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock worth $4,704,000 after buying an additional 22,556 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the completion of the transaction, the chief executive officer now owns 28,920 shares in the company, valued at approximately $4,739,409.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. Insiders have sold a total of 25,133 shares of company stock valued at $4,141,655 in the last quarter. 0.73% of the stock is currently owned by company insiders.

NYSE HON traded up $0.22 on Thursday, hitting $161.30. 92,656 shares of the stock were exchanged, compared to its average volume of 3,027,754. 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 fifty-two week low of $123.48 and a fifty-two week high of $178.47. The company has a market cap of $121.74 billion, a PE ratio of 20.10, a PEG ratio of 2.25 and a beta of 1.10. The company has a 50-day moving average price of $165.54 and a 200-day moving average price of $167.87.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm’s revenue was down 15.3% on a year-over-year basis. As a group, equities research analysts predict that Honeywell International Inc. will post 8.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is 40.95%.

Several brokerages recently weighed in on HON. Cowen reaffirmed a “buy” rating and set a $180.00 target price on shares of Honeywell International in a research note on Friday, August 2nd. Jefferies Financial Group upped their target price on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Barclays upped their target price on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Citigroup upped their target price on shares of Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Morgan Stanley cut their target price on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $185.40.

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.

Further Reading: Which market index is the best?

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.