Hodges Capital Management Inc. Reduces Position in Honeywell International Inc. (HON)

Hodges Capital Management Inc. lessened its holdings in Honeywell International Inc. (NYSE:HON) by 28.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,965 shares of the conglomerate’s stock after selling 1,973 shares during the quarter. Hodges Capital Management Inc.’s holdings in Honeywell International were worth $662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. raised its holdings in Honeywell International by 331.4% in the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after buying an additional 10,413 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Honeywell International by 80.2% in the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after buying an additional 14,816 shares during the last quarter. Buckingham Capital Management Inc. raised its holdings in Honeywell International by 3.1% in the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after buying an additional 766 shares during the last quarter. Mason Street Advisors LLC raised its holdings in Honeywell International by 0.9% in the 1st quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock valued at $13,135,000 after buying an additional 936 shares during the last quarter. Finally, FTB Advisors Inc. raised its holdings in Honeywell International by 24.9% in the 1st quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock valued at $272,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas A. Szlosek sold 803 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the completion of the sale, the chief financial officer now owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 in the last quarter. Corporate insiders own 1.56% of the company’s stock.

A number of research analysts recently issued reports on the stock. Cowen and Company reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $146.25.

Honeywell International Inc. (NYSE HON) opened at 143.31 on Wednesday. Honeywell International Inc. has a 12-month low of $105.73 and a 12-month high of $145.30. The firm’s 50-day moving average is $139.31 and its 200 day moving average is $134.10. The company has a market cap of $109.00 billion, a price-to-earnings ratio of 22.22 and a beta of 0.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 2.08%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is presently 41.24%.

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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.

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

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