SFE Investment Counsel Has $3.15 Million Stock Position in Honeywell International Inc. (NYSE:HON)

SFE Investment Counsel decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,358 shares of the conglomerate’s stock after selling 255 shares during the quarter. SFE Investment Counsel’s holdings in Honeywell International were worth $3,149,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HON. Harvest Group Wealth Management LLC bought a new stake in Honeywell International in the 2nd quarter valued at $36,000. Certified Advisory Corp acquired a new stake in shares of Honeywell International in the first quarter valued at about $50,000. SRS Capital Advisors Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $53,000. Better Money Decisions LLC bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $55,000. Finally, MV Capital Management Inc. boosted its position in shares of Honeywell International by 29.8% during the 2nd quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock valued at $72,000 after purchasing an additional 75 shares in the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Honeywell International stock traded up $1.77 during trading hours on Wednesday, reaching $221.96. The company had a trading volume of 67,408 shares, compared to its average volume of 2,750,400. Honeywell International Inc. has a one year low of $156.85 and a one year high of $236.86. The business has a fifty day simple moving average of $228.73 and a 200 day simple moving average of $223.72. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 1.15. The firm has a market cap of $153.24 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.08. The company had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.66 billion. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, research analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, August 12th. Honeywell International’s dividend payout ratio is 52.39%.

In related news, CEO Darius Adamczyk sold 28,571 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $231.97, for a total transaction of $6,627,614.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Que Dallara sold 10,759 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $231.28, for a total value of $2,488,341.52. Following the transaction, the chief executive officer now owns 3,495 shares in the company, valued at approximately $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Several brokerages recently commented on HON. Robert W. Baird upped their target price on Honeywell International from $247.00 to $251.00 and gave the company an “outperform” rating in a research report on Monday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, July 26th. Royal Bank of Canada increased their price target on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a report on Monday, July 26th. Finally, Barclays increased their price target on Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a report on Monday, July 26th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Buy” and an average price target of $231.62.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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