Veritas Investment Management UK Ltd cut its holdings in Honeywell International Inc. (NYSE:HON) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,400 shares of the conglomerate’s stock after selling 900 shares during the quarter. Honeywell International comprises 0.7% of Veritas Investment Management UK Ltd’s portfolio, making the stock its 20th largest position. Veritas Investment Management UK Ltd’s holdings in Honeywell International were worth $1,786,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Hanson McClain Inc. boosted its position in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co boosted its position in shares of Honeywell International by 0.3% during the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after purchasing an additional 7 shares in the last quarter. Keel Point LLC boosted its position in shares of Honeywell International by 0.3% during the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after purchasing an additional 10 shares in the last quarter. Hudock Capital Group LLC boosted its position in shares of Honeywell International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Honeywell International by 1.9% during the second quarter. CWM LLC now owns 1,045 shares of the conglomerate’s stock worth $139,000 after purchasing an additional 19 shares in the last quarter. 76.24% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://stocknewstimes.com/2017/11/17/veritas-investment-management-uk-ltd-sells-900-shares-of-honeywell-international-inc-hon.html.
Shares of Honeywell International Inc. (HON) opened at $146.88 on Friday. 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 Inc. has a 52 week low of $111.78 and a 52 week high of $147.60. The stock has a market cap of $111,507.99, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the previous year, the business earned $1.60 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. equities research analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is presently 40.30%.
A number of equities analysts have recently weighed in on the stock. Credit Suisse Group reissued a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Royal Bank Of Canada lifted their price target on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Cowen and Company reissued a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Thursday, October 19th. Finally, Argus lifted their price target on shares of Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $150.79.
In other news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the transaction, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Insiders sold a total of 20,242 shares of company stock worth $2,889,943 over the last quarter. Company insiders own 1.56% of the company’s stock.
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.