HM Payson & Co. Sells 2,473 Shares of Honeywell International Inc. (HON)

HM Payson & Co. decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 28.5% during the third quarter, HoldingsChannel reports. The firm owned 6,212 shares of the conglomerate’s stock after selling 2,473 shares during the period. HM Payson & Co.’s holdings in Honeywell International were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Morse Asset Management Inc increased its stake in Honeywell International by 4.1% in the 3rd quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock worth $1,577,000 after acquiring an additional 375 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Honeywell International by 4.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock worth $20,197,000 after acquiring an additional 6,316 shares during the last quarter. Synovus Financial Corp increased its stake in Honeywell International by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock worth $17,476,000 after acquiring an additional 1,933 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Honeywell International by 7,972.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock worth $889,000 after acquiring an additional 22,561 shares during the last quarter. Finally, New England Asset Management Inc. increased its stake in Honeywell International by 467.0% in the 2nd quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock worth $470,000 after acquiring an additional 2,685 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Honeywell International stock opened at $138.71 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The stock has a market cap of $104.80 billion, a PE ratio of 19.51, a PEG ratio of 1.81 and a beta of 1.04. Honeywell International Inc. has a 12 month low of $137.14 and a 12 month high of $167.72.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 EPS. Research analysts forecast that Honeywell International Inc. will post 7.98 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 16th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.36%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 46.13%.

In related news, VP Krishna Mikkilineni sold 28,281 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the transaction, the vice president now directly owns 91,829 shares in the company, valued at approximately $13,187,562.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now owns 25,764 shares in the company, valued at $3,841,670.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,644 shares of company stock worth $6,597,099. 1.33% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on HON. Credit Suisse Group decreased their target price on Honeywell International from $165.00 to $158.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 30th. Citigroup set a $186.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 25th. UBS Group upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, reiterated an “outperform” rating and set a $177.00 price objective (down from $184.00) on shares of Honeywell International in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $172.90.

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Honeywell International 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.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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