Honeywell (HON) Stake Decreased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its position in shares of Honeywell (NYSE:HON) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,465,669 shares of the conglomerate’s stock after selling 100,509 shares during the quarter. Honeywell accounts for approximately 1.7% of Westwood Holdings Group Inc.’s holdings, making the stock its 4th largest position. Westwood Holdings Group Inc. owned approximately 0.20% of Honeywell worth $211,802,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new stake in shares of Honeywell in the 4th quarter worth $101,000. Welch Group LLC purchased a new stake in Honeywell in the 4th quarter worth $100,000. Well Done LLC purchased a new stake in Honeywell in the 1st quarter worth $103,000. Taylor Hoffman Wealth Management purchased a new stake in Honeywell in the 4th quarter worth $113,000. Finally, Bruderman Asset Management LLC purchased a new stake in Honeywell in the 1st quarter worth $114,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Honeywell opened at $151.83 on Thursday, according to Marketbeat. Honeywell has a 52 week low of $131.42 and a 52 week high of $165.13. The stock has a market cap of $113.44 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.04 and a beta of 0.97. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72.

Honeywell (NYSE:HON) last released its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $10.03 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The business’s revenue was up 9.5% on a year-over-year basis. sell-side analysts forecast that Honeywell will post 8.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 17th. Honeywell’s dividend payout ratio (DPR) is presently 41.91%.

In other Honeywell news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.59, for a total transaction of $515,921.34. Following the completion of the transaction, the director now owns 43,773 shares of the company’s stock, valued at approximately $6,591,776.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy O. Mahoney sold 114,489 shares of the stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the transaction, the insider now directly owns 314,725 shares of the company’s stock, valued at approximately $47,271,695. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Honeywell from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a research note on Monday, May 21st. Oppenheimer cut their price target on Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, April 30th. Barclays increased their price target on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. Stifel Nicolaus increased their price target on Honeywell from $157.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 23rd. Finally, TheStreet upgraded Honeywell from a “c+” rating to an “a-” rating in a research note on Friday, April 20th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell presently has an average rating of “Buy” and a consensus price target of $167.73.

Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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