Estabrook Capital Management decreased its position in Honeywell International Inc. (NYSE:HON) by 2.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,629 shares of the conglomerate’s stock after selling 3,122 shares during the period. Honeywell International comprises 3.0% of Estabrook Capital Management’s investment portfolio, making the stock its 4th biggest position. Estabrook Capital Management’s holdings in Honeywell International were worth $19,011,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in HON. Hanson McClain Inc. boosted its position in 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 acquiring an additional 3 shares during the last quarter. Addison Capital Co boosted its holdings in Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares during the last quarter. Keel Point LLC boosted its holdings in Honeywell International by 0.3% in the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 10 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (NYSE:HON) traded down $0.06 during midday trading on Wednesday, hitting $153.00. 2,896,420 shares of the company were exchanged, compared to its average volume of 2,712,940. The stock has a market cap of $117,145.48, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99. 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 1 year low of $112.81 and a 1 year high of $156.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
HON has been the topic of several recent analyst reports. Cowen reiterated an “outperform” rating and issued a $150.00 target price (up 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. Morgan Stanley upped their price objective on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Jefferies Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $154.00.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
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Honeywell International Company 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.
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