Mariner Wealth Advisors LLC trimmed its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 22,085 shares of the conglomerate’s stock after selling 663 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Honeywell International were worth $2,943,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HON. Ameriprise Financial Inc. lifted its position in shares of Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after acquiring an additional 3,728,533 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Honeywell International by 69.2% during the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Honeywell International by 13,551.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after buying an additional 1,791,394 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was 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 of the company’s stock, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now directly 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 owned by corporate insiders.
Shares of Honeywell International Inc. (NYSE:HON) traded down $0.63 on Tuesday, reaching $153.77. The company’s stock had a trading volume of 3,250,400 shares, compared to its average volume of 2,712,713. Honeywell International Inc. has a fifty-two week low of $112.66 and a fifty-two week high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The firm has a market cap of $117,625.43, a PE ratio of 22.22, a PEG ratio of 2.37 and a beta of 0.99.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 45.15%.
A number of research firms have recently commented on HON. Cowen reissued an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Morgan Stanley boosted their price target on Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Argus boosted their price target on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $151.92.
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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.
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