Paragon Capital Management LLC Lowers Position in Honeywell International Inc. (NYSE:HON)

Paragon Capital Management LLC cut its holdings in Honeywell International Inc. (NYSE:HON) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,845 shares of the conglomerate’s stock after selling 105 shares during the quarter. Paragon Capital Management LLC’s holdings in Honeywell International were worth $322,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Honeywell International by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after acquiring an additional 478,988 shares during the period. CX Institutional bought a new stake in shares of Honeywell International during the 1st quarter worth about $44,000. BTR Capital Management Inc. boosted its stake in shares of Honeywell International by 4.0% during the 1st quarter. BTR Capital Management Inc. now owns 5,095 shares of the conglomerate’s stock worth $810,000 after acquiring an additional 195 shares in the last quarter. Tibra Equities Europe Ltd bought a new stake in shares of Honeywell International during the 1st quarter worth about $2,638,000. Finally, Pioneer Trust Bank N A OR boosted its stake in shares of Honeywell International by 6.3% during the 1st quarter. Pioneer Trust Bank N A OR now owns 30,099 shares of the conglomerate’s stock worth $4,783,000 after acquiring an additional 1,773 shares in the last quarter. 77.48% of the stock is owned by institutional investors.

In other news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total value of $1,180,156.92. Following the sale, the chairman now directly owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the sale, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. In the last three months, insiders sold 25,133 shares of company stock worth $4,141,655. Insiders own 0.73% of the company’s stock.

NYSE:HON traded down $3.44 on Friday, hitting $159.46. The stock had a trading volume of 41,106 shares, compared to its average volume of 2,236,476. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The stock has a market cap of $117.62 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $178.47. The firm’s fifty day simple moving average is $170.65 and its two-hundred day simple moving average is $165.16.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter last year, the business posted $2.12 EPS. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio is currently 40.95%.

Several analysts have recently issued reports on the company. Cowen reiterated a “buy” rating and set a $180.00 price target on shares of Honeywell International in a research note on Friday, August 2nd. Morgan Stanley upped their price target on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Monday, July 22nd. Finally, Credit Suisse Group upped their price target on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $184.08.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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