Signature Estate & Investment Advisors LLC Reduces Stock Position in Honeywell International Inc. (NYSE:HON)

Signature Estate & Investment Advisors LLC reduced its holdings in shares of Honeywell International Inc. (NYSE:HON) by 5.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 145,404 shares of the conglomerate’s stock after selling 8,489 shares during the quarter. Honeywell International accounts for about 1.9% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Signature Estate & Investment Advisors LLC’s holdings in Honeywell International were worth $25,386,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Fishman Jay A Ltd. MI grew its position in Honeywell International by 3.8% during the 4th quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock worth $5,079,000 after acquiring an additional 1,390 shares during the last quarter. Geode Capital Management LLC grew its position 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 last quarter. Abacus Planning Group Inc. grew its position in Honeywell International by 12.3% during the 4th quarter. Abacus Planning Group Inc. now owns 3,947 shares of the conglomerate’s stock worth $521,000 after acquiring an additional 431 shares during the last quarter. Western Wealth Management LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $831,000. Finally, Vestor Capital LLC grew its position in Honeywell International by 8.0% during the 4th quarter. Vestor Capital LLC now owns 67,860 shares of the conglomerate’s stock worth $8,966,000 after acquiring an additional 5,005 shares during the last quarter. Institutional investors own 77.29% of the company’s stock.

NYSE:HON traded down $1.93 during trading hours on Thursday, hitting $162.11. 1,188,168 shares of the stock were exchanged, compared to its average volume of 2,508,685. The company’s 50 day moving average is $172.44. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm has a market capitalization of $118.72 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.20 and a beta of 1.09.

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

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

HON has been the topic of several research reports. Credit Suisse Group upped their price objective on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Cowen reaffirmed a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a report on Friday, August 2nd. Jefferies Financial Group upped their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Citigroup set a $197.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus target price of $184.08.

In other news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

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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