Heritage Wealth Management LLC Has $1.51 Million Stock Holdings in Honeywell International Inc. (NYSE:HON)

Heritage Wealth Management LLC decreased its stake in Honeywell International Inc. (NYSE:HON) by 2.4% in the second quarter, HoldingsChannel reports. The firm owned 6,862 shares of the conglomerate’s stock after selling 172 shares during the period. Heritage Wealth Management LLC’s holdings in Honeywell International were worth $1,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cumberland Partners Ltd increased its position in shares of Honeywell International by 2.3% in the first quarter. Cumberland Partners Ltd now owns 100,961 shares of the conglomerate’s stock worth $21,915,000 after acquiring an additional 2,234 shares in the last quarter. Stifel Financial Corp raised its stake in Honeywell International by 2.4% during the 1st quarter. Stifel Financial Corp now owns 1,280,327 shares of the conglomerate’s stock valued at $277,932,000 after purchasing an additional 29,607 shares during the period. Congress Asset Management Co. MA lifted its holdings in shares of Honeywell International by 2.5% in the second quarter. Congress Asset Management Co. MA now owns 58,476 shares of the conglomerate’s stock valued at $12,827,000 after purchasing an additional 1,424 shares in the last quarter. Simmons Bank boosted its position in shares of Honeywell International by 10.9% in the second quarter. Simmons Bank now owns 16,076 shares of the conglomerate’s stock worth $3,527,000 after buying an additional 1,582 shares during the period. Finally, Bank of The West grew its holdings in shares of Honeywell International by 39.0% during the second quarter. Bank of The West now owns 17,124 shares of the conglomerate’s stock valued at $3,756,000 after buying an additional 4,809 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

NYSE:HON traded up $0.29 during midday trading on Tuesday, reaching $216.02. The stock had a trading volume of 86,256 shares, compared to its average volume of 2,760,489. The stock has a market capitalization of $149.14 billion, a P/E ratio of 30.60, a PEG ratio of 2.57 and a beta of 1.16. Honeywell International Inc. has a 1-year low of $156.85 and a 1-year high of $236.86. 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’s fifty day simple moving average is $228.45 and its 200-day simple moving average is $224.09.

Honeywell International (NYSE:HON) last issued its quarterly earnings results 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. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same period last year, the business posted $1.26 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were given a $0.93 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 1.72%. Honeywell International’s dividend payout ratio is 52.39%.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a report on Monday, July 26th. Barclays lifted their target price on shares of Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a research note on Monday, July 26th. Robert W. Baird increased their price objective on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, July 26th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $231.62.

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

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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