Fiduciary Trust Co. Sells 1,356 Shares of Honeywell International Inc. (HON)

Fiduciary Trust Co. cut its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,365 shares of the conglomerate’s stock after selling 1,356 shares during the period. Fiduciary Trust Co.’s holdings in Honeywell International were worth $3,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. boosted its stake in shares of Honeywell International by 2.1% during the first quarter. Sterling Investment Advisors Ltd. now owns 7,346 shares of the conglomerate’s stock valued at $917,000 after purchasing an additional 152 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of Honeywell International by 331.4% during the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after purchasing an additional 10,413 shares in the last quarter. Paloma Partners Management Co boosted its stake in shares of Honeywell International by 19.9% during the first quarter. Paloma Partners Management Co now owns 24,023 shares of the conglomerate’s stock valued at $3,001,000 after purchasing an additional 3,989 shares in the last quarter. National Asset Management Inc. boosted its stake in shares of Honeywell International by 2.8% during the first quarter. National Asset Management Inc. now owns 12,878 shares of the conglomerate’s stock valued at $1,610,000 after purchasing an additional 353 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Honeywell International by 7.4% during the first quarter. AQR Capital Management LLC now owns 885,314 shares of the conglomerate’s stock valued at $110,549,000 after purchasing an additional 60,822 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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A number of equities research analysts recently commented on HON shares. Jefferies Group LLC reissued a “buy” rating and set a $141.00 target price on shares of Honeywell International in a research report on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Honeywell International in a research report on Friday, May 26th. HSBC Holdings plc started coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $141.18.

Shares of Honeywell International Inc. (HON) traded up 0.95% on Monday, hitting $138.88. 926,254 shares of the company traded hands. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21. The stock’s 50-day moving average price is $137.41 and its 200-day moving average price is $131.78. The company has a market capitalization of $105.63 billion, a PE ratio of 21.54 and a beta of 0.94.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 EPS. On average, equities analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a $0.665 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.93%. Honeywell International’s payout ratio is 41.24%.

In related news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,108 shares of company stock worth $48,886,463. 1.56% of the stock is owned by corporate insiders.

Honeywell International Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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