Mason Street Advisors LLC Decreases Stock Holdings in Honeywell International Inc. (NYSE:HON)

Mason Street Advisors LLC decreased its position in Honeywell International Inc. (NYSE:HON) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,506 shares of the conglomerate’s stock after selling 1,283 shares during the quarter. Mason Street Advisors LLC’s holdings in Honeywell International were worth $17,344,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HON. Lenox Wealth Advisors LLC increased its position in shares of Honeywell International by 453.8% in the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 118 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of Honeywell International during the second quarter valued at about $25,000. Investors Research Corp increased its position in shares of Honeywell International by 678.3% during the third quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock valued at $30,000 after buying an additional 156 shares during the period. Mcmillion Capital Management Inc. purchased a new position in shares of Honeywell International during the second quarter valued at about $31,000. Finally, Transamerica Financial Advisors Inc. increased its position in shares of Honeywell International by 2,371.4% during the second quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock valued at $31,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 76.46% of the company’s stock.

In related news, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction dated 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 sale, the chairman now owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the sale, the chief executive officer now directly owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Shares of NYSE HON traded down $0.38 during midday trading on Monday, hitting $180.83. 1,482,820 shares of the company traded hands, compared to its average volume of 2,742,230. Honeywell International Inc. has a 12-month low of $123.48 and a 12-month high of $181.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. The stock has a 50-day moving average price of $168.54 and a 200 day moving average price of $169.54. The firm has a market cap of $129.10 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.41 and a beta of 1.10.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $2.01 by $0.07. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Honeywell International’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, equities analysts expect that Honeywell International Inc. will post 8.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 1.99%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is presently 40.95%.

Several equities analysts recently issued reports on the stock. Citigroup boosted their price target on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Morgan Stanley boosted their price target on shares of Honeywell International from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Credit Suisse Group boosted their price target on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price target on the stock in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $185.80.

About Honeywell International

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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