Mark Sheptoff Financial Planning LLC Sells 218 Shares of Honeywell International Inc. (NYSE:HON)

Mark Sheptoff Financial Planning LLC lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,646 shares of the conglomerate’s stock after selling 218 shares during the quarter. Honeywell International comprises 1.0% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 22nd biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Honeywell International were worth $1,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR raised its holdings in shares of Honeywell International by 21.0% during the second quarter. Stephens Inc. AR now owns 79,031 shares of the conglomerate’s stock valued at $17,335,000 after purchasing an additional 13,708 shares during the period. Hoylecohen LLC raised its holdings in shares of Honeywell International by 2.6% during the second quarter. Hoylecohen LLC now owns 40,430 shares of the conglomerate’s stock valued at $8,868,000 after purchasing an additional 1,010 shares during the period. Legal & General Group Plc raised its holdings in shares of Honeywell International by 2.9% during the second quarter. Legal & General Group Plc now owns 4,231,210 shares of the conglomerate’s stock valued at $928,115,000 after purchasing an additional 118,212 shares during the period. Natixis Advisors L.P. raised its holdings in shares of Honeywell International by 4.3% in the 2nd quarter. Natixis Advisors L.P. now owns 303,227 shares of the conglomerate’s stock worth $66,513,000 after acquiring an additional 12,483 shares during the last quarter. Finally, Scotia Capital Inc. increased its stake in Honeywell International by 2.0% in the 2nd quarter. Scotia Capital Inc. now owns 263,255 shares of the conglomerate’s stock valued at $57,745,000 after buying an additional 5,170 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

HON has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a research note on Monday, July 26th. Barclays increased their price objective 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, July 26th. Finally, Robert W. Baird increased their target price on shares of Honeywell International from $247.00 to $251.00 and gave the company an “outperform” rating in a research report on Monday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Buy” and a consensus target price of $231.62.

NYSE:HON traded down $1.87 during trading hours on Tuesday, hitting $216.03. The stock had a trading volume of 63,692 shares, compared to its average volume of 2,746,296. The company has a 50 day simple moving average of $227.52 and a two-hundred day simple moving average of $224.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 1.15. Honeywell International Inc. has a one year low of $159.42 and a one year high of $236.86. The firm has a market capitalization of $149.15 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.57 and a beta of 1.16.

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

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

In other news, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction on 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 approximately $808,323.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Darius Adamczyk sold 28,571 shares of Honeywell International stock in a transaction on Monday, August 30th. The stock was sold at an average price of $231.97, for a total transaction of $6,627,614.87. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Honeywell International Company 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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