Profund Advisors LLC cut its holdings in Honeywell (NYSE:HON) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,636 shares of the conglomerate’s stock after selling 2,352 shares during the quarter. Profund Advisors LLC’s holdings in Honeywell were worth $3,416,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Welch Group LLC purchased a new stake in shares of Honeywell in the 4th quarter worth about $100,000. Wagner Wealth Management LLC purchased a new stake in shares of Honeywell in the 4th quarter worth about $101,000. Well Done LLC purchased a new stake in shares of Honeywell in the 1st quarter worth about $103,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Honeywell in the 4th quarter worth about $113,000. Finally, Bruderman Asset Management LLC purchased a new stake in shares of Honeywell in the 1st quarter worth about $114,000. 74.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Honeywell opened at $152.26 on Wednesday, according to Marketbeat Ratings. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The stock has a market cap of $113.44 billion, a PE ratio of 21.41, a P/E/G ratio of 2.04 and a beta of 0.97. Honeywell has a 52-week low of $131.42 and a 52-week high of $165.13.
The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 18th were issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 17th. Honeywell’s payout ratio is presently 41.91%.
HON has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Monday, March 19th. Barclays initiated coverage on shares of Honeywell in a research report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Honeywell in a research report on Friday, February 16th. ValuEngine downgraded shares of Honeywell from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a research report on Friday, April 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $167.73.
In other news, insider Timothy O. Mahoney sold 114,489 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the sale, the insider now owns 314,725 shares of the company’s stock, valued at approximately $47,271,695. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 3,426 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.59, for a total transaction of $515,921.34. Following the sale, the director now directly owns 43,773 shares in the company, valued at approximately $6,591,776.07. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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