SNS Financial Group LLC Reduces Position in Honeywell International Inc. (HON)

SNS Financial Group LLC decreased its holdings in Honeywell International Inc. (NYSE:HON) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,874 shares of the conglomerate’s stock after selling 2,928 shares during the quarter. SNS Financial Group LLC’s holdings in Honeywell International were worth $3,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Hanson McClain Inc. boosted its holdings in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Burt Wealth Advisors boosted its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the last quarter. Guidant Wealth Advisors boosted its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the last quarter. Finally, Jolley Asset Management LLC boosted its holdings in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the last quarter. 76.24% of the stock is currently owned by institutional investors.

Shares of Honeywell International Inc. (NYSE:HON) opened at $146.72 on Tuesday. Honeywell International Inc. has a 1 year low of $111.78 and a 1 year high of $147.51. The firm has a market cap of $111,035.66, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the previous year, the business posted $1.60 earnings per share. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 40.30%.

HON has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Cowen and Company reaffirmed an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $150.79.

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In related news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Insiders sold 20,242 shares of company stock worth $2,889,943 in the last 90 days. 1.56% of the stock is currently owned by company insiders.

About Honeywell International

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.

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

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