Honeywell International Inc. (NASDAQ:HON) Shares Sold by SRN Advisors LLC

by · The Cerbat Gem

SRN Advisors LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,120 shares of the conglomerate’s stock after selling 170 shares during the period. SRN Advisors LLC’s holdings in Honeywell International were worth $852,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HON. State of Alaska Department of Revenue lifted its holdings in shares of Honeywell International by 5.0% during the third quarter. State of Alaska Department of Revenue now owns 76,727 shares of the conglomerate’s stock worth $15,860,000 after purchasing an additional 3,630 shares during the period. Pullen Investment Management LLC lifted its stake in Honeywell International by 2.1% during the 3rd quarter. Pullen Investment Management LLC now owns 4,990 shares of the conglomerate’s stock valued at $1,031,000 after acquiring an additional 103 shares during the period. Mcrae Capital Management Inc. increased its stake in shares of Honeywell International by 75.2% in the third quarter. Mcrae Capital Management Inc. now owns 6,733 shares of the conglomerate’s stock worth $1,392,000 after acquiring an additional 2,891 shares during the period. Smith Salley Wealth Management raised its holdings in shares of Honeywell International by 1.9% during the third quarter. Smith Salley Wealth Management now owns 67,153 shares of the conglomerate’s stock worth $13,881,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Mattern Capital Management LLC lifted its position in Honeywell International by 0.3% during the third quarter. Mattern Capital Management LLC now owns 39,498 shares of the conglomerate’s stock valued at $8,165,000 after purchasing an additional 104 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $208.00 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The firm has a market cap of $135.45 billion, a PE ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The firm has a fifty day moving average of $207.39 and a 200 day moving average of $205.44.

Honeywell International (NASDAQ:HON – Get Free Report) last released its earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.08. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. As a group, research analysts predict that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International’s payout ratio is currently 52.38%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HON. Bank of America reaffirmed a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a research report on Thursday. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price objective on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Barclays lowered their price target on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.73.

View Our Latest Report on Honeywell International

About Honeywell International

(Free Report)

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace 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 thermal systems, as well as wireless connectivity services.

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