Private Wealth Partners LLC Trims Stake in Honeywell International Inc. (NYSE:HON)

Private Wealth Partners LLC reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739 shares of the conglomerate’s stock after selling 200 shares during the period. Private Wealth Partners LLC’s holdings in Honeywell International were worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cordasco Financial Network purchased a new position in Honeywell International in the first quarter worth $25,000. Joseph P. Lucia & Associates LLC purchased a new stake in Honeywell International during the first quarter valued at about $25,000. Lenox Wealth Advisors LLC boosted its position in Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares during the period. Mackey Komara & Dankovich LLC purchased a new stake in Honeywell International during the first quarter valued at about $29,000. Finally, Mcmillion Capital Management Inc. purchased a new stake in Honeywell International during the second quarter valued at about $31,000. Hedge funds and other institutional investors own 77.48% of the company’s stock.

In other news, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the transaction, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,133 shares of company stock valued at $4,141,655. Insiders own 0.73% of the company’s stock.

Several analysts have issued reports on the stock. Credit Suisse Group upped their price target on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Jefferies Financial Group upped their price target on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Barclays upped their price target on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Morgan Stanley upped their price target on shares of Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Cowen restated a “buy” rating and set a $180.00 price target on shares of Honeywell International in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $184.08.

Shares of NYSE:HON traded down $1.27 during midday trading on Thursday, hitting $162.52. 57,366 shares of the stock traded hands, compared to its average volume of 2,254,228. The stock has a market capitalization of $119.34 billion, a PE ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 1.09. The business’s 50 day moving average is $170.95 and its two-hundred day moving average is $165.07. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 earnings per share. As a group, sell-side analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is 40.95%.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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