GWM Advisors LLC Raises Stock Position in Honeywell International Inc. (NYSE:HON)

GWM Advisors LLC increased its position in shares of Honeywell International Inc. (NYSE:HON) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,949 shares of the conglomerate’s stock after buying an additional 585 shares during the period. GWM Advisors LLC’s holdings in Honeywell International were worth $2,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Thoroughbred Financial Services LLC increased its stake in Honeywell International by 18,092.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after buying an additional 2,539,617 shares during the period. Janus Henderson Group PLC increased its stake in Honeywell International by 131.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after buying an additional 1,610,006 shares during the period. Clearbridge Investments LLC increased its stake in Honeywell International by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after buying an additional 544,684 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 478,988 shares during the period. Finally, First Trust Advisors LP increased its stake in Honeywell International by 92.3% during the 2nd quarter. First Trust Advisors LP now owns 673,045 shares of the conglomerate’s stock worth $117,507,000 after buying an additional 323,065 shares during the period. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HON traded down $0.23 during midday trading on Tuesday, hitting $165.63. The company’s stock had a trading volume of 26,810 shares, compared to its average volume of 2,260,079. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $178.47. The firm’s fifty day moving average price is $171.46 and its 200-day moving average price is $164.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The firm has a market cap of $118.74 billion, a P/E ratio of 20.61, 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the business posted $2.12 EPS. The company’s quarterly revenue was down 15.3% on a year-over-year basis. As a group, research analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

Several equities research analysts recently issued reports on the stock. Credit Suisse Group lifted their price target on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Cowen reissued a “buy” rating and issued a $180.00 target price on shares of Honeywell International in a research report on Friday, August 2nd. Deutsche Bank boosted their target price on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Jefferies Financial Group boosted their target price on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Morgan Stanley boosted their target price on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $184.08.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

About Honeywell International

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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