Honeywell International Inc. (NYSE:HON) Shares Sold by Berkshire Bank

Berkshire Bank decreased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,692 shares of the conglomerate’s stock after selling 61 shares during the quarter. Berkshire Bank’s holdings in Honeywell International were worth $2,270,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 0.5% during the second quarter. Vanguard Group Inc. now owns 56,017,241 shares of the conglomerate’s stock worth $12,287,383,000 after purchasing an additional 300,010 shares during the last quarter. Morgan Stanley boosted its holdings in Honeywell International by 5.3% in the second quarter. Morgan Stanley now owns 12,135,673 shares of the conglomerate’s stock valued at $2,661,961,000 after acquiring an additional 613,394 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Honeywell International by 7.0% in the second quarter. Geode Capital Management LLC now owns 11,328,599 shares of the conglomerate’s stock valued at $2,478,147,000 after acquiring an additional 740,044 shares during the last quarter. Capital International Investors boosted its holdings in Honeywell International by 2.0% in the second quarter. Capital International Investors now owns 8,010,886 shares of the conglomerate’s stock valued at $1,756,812,000 after acquiring an additional 160,118 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Honeywell International by 7.7% in the second quarter. Royal Bank of Canada now owns 5,423,497 shares of the conglomerate’s stock valued at $1,189,643,000 after acquiring an additional 387,820 shares during the last quarter. Institutional investors and hedge funds own 75.80% of the company’s stock.

Shares of NYSE HON traded down $3.79 during midday trading on Thursday, reaching $212.21. 3,265,442 shares of the company’s stock were exchanged, compared to its average volume of 2,625,229. Honeywell International Inc. has a 52-week low of $194.55 and a 52-week high of $236.86. The stock has a market capitalization of $146.09 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.29. The business’s fifty day moving average price is $218.98 and its two-hundred day moving average price is $223.71.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, October 21st. The conglomerate reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.02. Honeywell International had a return on equity of 31.21% and a net margin of 15.80%. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 8.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be issued a $0.98 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.93. This represents a $3.92 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, November 10th. Honeywell International’s payout ratio is currently 50.39%.

HON has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, October 7th. Barclays cut their price objective on Honeywell International from $253.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, October 25th. Wells Fargo & Company initiated coverage on Honeywell International in a research report on Thursday, October 7th. They issued an “equal weight” rating and a $229.00 price objective on the stock. Finally, Royal Bank of Canada cut their price objective on Honeywell International from $229.00 to $224.00 and set a “sector perform” rating on the stock in a research report on Monday, October 25th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $235.73.

In related news, CEO Darius Adamczyk sold 28,571 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $231.97, for a total value of $6,627,614.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is owned by insiders.

Honeywell International Company Profile

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

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