L & S Advisors Inc Buys 32,361 Shares of Honeywell International Inc. (NYSE:HON)

L & S Advisors Inc lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 181.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,243 shares of the conglomerate’s stock after purchasing an additional 32,361 shares during the quarter. Honeywell International comprises 1.2% of L & S Advisors Inc’s investment portfolio, making the stock its 12th biggest holding. L & S Advisors Inc’s holdings in Honeywell International were worth $8,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC purchased a new stake in Honeywell International in the 1st quarter valued at about $25,000. Lenox Wealth Advisors LLC increased its stake in Honeywell International by 453.8% in the 2nd 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 last quarter. Krane Funds Advisors LLC purchased a new stake in Honeywell International in the 2nd quarter valued at about $25,000. Mackey Komara & Dankovich LLC purchased a new stake in Honeywell International in the 1st quarter valued at about $29,000. Finally, Mcmillion Capital Management Inc. purchased a new stake in Honeywell International in the 2nd quarter valued at about $31,000. 75.85% of the stock is currently owned by institutional investors.

HON opened at $168.03 on Friday. The company has a 50 day moving average of $166.48 and a 200 day moving average of $166.55. The company has a market cap of $122.04 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The company 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%. Honeywell International’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period last year, the firm earned $2.12 EPS. Research analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

In related news, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value 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 approximately $1,178,529.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajeev Gautam sold 10,984 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were 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 sold 25,133 shares of company stock valued at $4,141,655. 0.73% of the stock is owned by insiders.

HON has been the subject of several analyst reports. Credit Suisse Group increased their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Barclays raised their price target on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley raised their price target on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Citigroup raised their price target on shares of Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and a consensus price target of $183.58.

About Honeywell International

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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