Meitav Dash Investments Ltd. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Meitav Dash Investments Ltd. cut its position in Honeywell International Inc. (NASDAQ:HONGet Rating) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,859 shares of the conglomerate’s stock after selling 1,039 shares during the period. Meitav Dash Investments Ltd.’s holdings in Honeywell International were worth $8,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Avity Investment Management Inc. raised its position in shares of Honeywell International by 2.5% in the first quarter. Avity Investment Management Inc. now owns 2,076 shares of the conglomerate’s stock valued at $404,000 after purchasing an additional 51 shares during the period. Aviance Capital Partners LLC boosted its stake in Honeywell International by 1.3% during the first quarter. Aviance Capital Partners LLC now owns 4,025 shares of the conglomerate’s stock worth $783,000 after buying an additional 53 shares in the last quarter. Guardian Financial Partners LLC boosted its stake in Honeywell International by 4.4% during the first quarter. Guardian Financial Partners LLC now owns 1,270 shares of the conglomerate’s stock worth $244,000 after buying an additional 54 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of Honeywell International by 4.8% in the 1st quarter. Hemington Wealth Management now owns 1,176 shares of the conglomerate’s stock valued at $229,000 after purchasing an additional 54 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Honeywell International by 0.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,389 shares of the conglomerate’s stock valued at $1,243,000 after purchasing an additional 54 shares in the last quarter. 74.27% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.1 %

NASDAQ HON opened at $192.27 on Friday. The company has a market cap of $129.53 billion, a PE ratio of 26.23, a PEG ratio of 2.32 and a beta of 1.07. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. Honeywell International Inc. has a 12 month low of $167.35 and a 12 month high of $234.68. The stock has a 50 day moving average of $182.44 and a 200-day moving average of $188.51.

Honeywell International (NASDAQ:HONGet Rating) last released its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.03 by $0.07. The company had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.02 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 8.67 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, August 11th. Honeywell International’s payout ratio is presently 53.48%.

Analyst Ratings Changes

Several research analysts recently issued reports on HON shares. Royal Bank of Canada upped their price target on shares of Honeywell International from $184.00 to $193.00 in a research report on Friday, July 29th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, July 11th. Wells Fargo & Company upped their price target on Honeywell International from $180.00 to $183.00 and gave the company an “equal weight” rating in a research note on Monday, August 1st. Cowen set a $205.00 price objective on Honeywell International in a research report on Tuesday, July 19th. Finally, TheStreet lowered Honeywell International from a “b” rating to a “c+” rating in a research report on Friday, April 29th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $210.08.

Insider Activity

In related news, CEO Darius Adamczyk sold 40,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $194.52, for a total value of $7,780,800.00. Following the sale, the chief executive officer now owns 165,015 shares in the company, valued at approximately $32,098,717.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total transaction of $952,090.00. Following the transaction, the chief financial officer now owns 43,625 shares in the company, valued at approximately $8,288,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darius Adamczyk sold 40,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $194.52, for a total value of $7,780,800.00. Following the transaction, the chief executive officer now owns 165,015 shares in the company, valued at approximately $32,098,717.80. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Honeywell International Company Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems, as well as wireless connectivity and management services.

See Also

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

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