Honeywell (HON) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its position in shares of Honeywell (NYSE:HON) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 685,721 shares of the conglomerate’s stock after selling 47,885 shares during the quarter. Honeywell accounts for 1.0% of Sterling Capital Management LLC’s portfolio, making the stock its 22nd largest position. Sterling Capital Management LLC owned about 0.09% of Honeywell worth $105,162,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of Honeywell by 4,986.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after acquiring an additional 4,308,688 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Honeywell by 5.8% during the 4th quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock worth $7,296,103,000 after acquiring an additional 2,627,000 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Honeywell by 69.6% during the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after acquiring an additional 1,373,600 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Honeywell by 3,381.1% during the 3rd quarter. Stifel Financial Corp now owns 924,574 shares of the conglomerate’s stock worth $131,031,000 after acquiring an additional 898,014 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Honeywell by 110.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,530,951 shares of the conglomerate’s stock worth $234,785,000 after acquiring an additional 802,574 shares in the last quarter. Institutional investors own 75.17% of the company’s stock.

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Shares of Honeywell stock opened at $147.22 on Wednesday. The firm has a market capitalization of $113,228.94, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. Honeywell has a 12 month low of $128.69 and a 12 month high of $165.13.



Honeywell (NYSE:HON) last announced its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.06. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. During the same period last year, the company earned $1.71 earnings per share. Honeywell’s quarterly revenue was up 9.5% compared to the same quarter last year. analysts predict that Honeywell will post 7.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, May 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.02%. Honeywell’s dividend payout ratio is 41.91%.

In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

HON has been the subject of several research reports. Zacks Investment Research lowered Honeywell from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. TheStreet lowered Honeywell from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine raised Honeywell from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada lowered Honeywell from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Barclays raised their price objective on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Honeywell has an average rating of “Buy” and an average target price of $167.47.

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Honeywell Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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