Monetary Management Group Inc. trimmed its stake in Honeywell International Inc. (NYSE:HON) by 40.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,675 shares of the conglomerate’s stock after selling 4,500 shares during the period. Monetary Management Group Inc.’s holdings in Honeywell International were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Blair William & Co. IL lifted its holdings in Honeywell International by 2.3% during the 2nd quarter. Blair William & Co. IL now owns 200,036 shares of the conglomerate’s stock valued at $43,878,000 after purchasing an additional 4,449 shares during the last quarter. Kentucky Retirement Systems bought a new stake in shares of Honeywell International in the second quarter worth $8,872,000. Stockman Wealth Management Inc. lifted its position in shares of Honeywell International by 6.7% in the second quarter. Stockman Wealth Management Inc. now owns 27,209 shares of the conglomerate’s stock worth $5,968,000 after purchasing an additional 1,706 shares in the last quarter. Bank of Montreal Can raised its position in Honeywell International by 0.7% during the second quarter. Bank of Montreal Can now owns 1,216,495 shares of the conglomerate’s stock worth $267,824,000 after acquiring an additional 8,841 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in Honeywell International by 17.1% during the second quarter. Prospera Financial Services Inc now owns 17,017 shares of the conglomerate’s stock worth $3,734,000 after acquiring an additional 2,482 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
HON traded down $0.51 during midday trading on Monday, hitting $218.68. The stock had a trading volume of 76,517 shares, compared to its average volume of 2,749,277. The company has a market cap of $150.98 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. The business has a fifty day moving average of $227.57 and a 200 day moving average of $224.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41. Honeywell International Inc. has a 1 year low of $157.17 and a 1 year high of $236.86.
The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Friday, August 13th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, August 12th. Honeywell International’s dividend payout ratio is currently 52.39%.
Several research firms recently commented on HON. Royal Bank of Canada upped their price target on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, July 26th. Robert W. Baird increased their target price on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Finally, Barclays raised their price objective on shares of Honeywell International from $245.00 to $253.00 and gave the company an “overweight” rating in a report on Monday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $231.62.
In other Honeywell International news, CEO Que Dallara sold 10,759 shares of the business’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the completion of the sale, the chief executive officer now owns 3,495 shares in the company, valued at $808,323.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darius Adamczyk sold 28,571 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total value of $6,627,614.87. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.
About Honeywell International
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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