Quantitative Systematic Strategies LLC Sells 19,917 Shares of Honeywell International Inc. (NYSE:HON)

Quantitative Systematic Strategies LLC reduced its stake in Honeywell International Inc. (NYSE:HON) by 54.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,388 shares of the conglomerate’s stock after selling 19,917 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Honeywell International were worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. B. Riley Wealth Management Inc. lifted its holdings in shares of Honeywell International by 4.9% during the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock worth $4,182,000 after acquiring an additional 1,220 shares during the last quarter. Rockland Trust Co. increased its position in shares of Honeywell International by 10.5% during the second quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock valued at $408,000 after buying an additional 222 shares during the period. Berkshire Asset Management LLC PA increased its position in shares of Honeywell International by 0.4% during the first quarter. Berkshire Asset Management LLC PA now owns 153,404 shares of the conglomerate’s stock valued at $24,379,000 after buying an additional 578 shares during the period. M Holdings Securities Inc. increased its position in shares of Honeywell International by 32.4% during the first quarter. M Holdings Securities Inc. now owns 22,079 shares of the conglomerate’s stock valued at $3,509,000 after buying an additional 5,407 shares during the period. Finally, Autus Asset Management LLC increased its position in shares of Honeywell International by 0.8% during the second quarter. Autus Asset Management LLC now owns 52,223 shares of the conglomerate’s stock valued at $9,116,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 76.90% of the company’s stock.

Shares of NYSE HON traded down $6.76 during midday trading on Monday, hitting $161.25. The stock had a trading volume of 166,691 shares, compared to its average volume of 2,244,182. The firm’s 50 day moving average is $174.36. The stock has a market cap of $120.88 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.24 and a beta of 1.09. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $178.47. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.03%. Honeywell International’s dividend payout ratio is presently 40.95%.

In other news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Several brokerages recently issued reports on HON. Jefferies Financial Group boosted their price target on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Morgan Stanley boosted their price objective on shares of 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 objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Deutsche Bank boosted their price objective on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Citigroup set a $197.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $184.08.

Honeywell International Company 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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