Nuveen Asset Management LLC Sells 84,414 Shares of Honeywell International Inc. (HON)
Nuveen Asset Management LLC lowered its stake in Honeywell International Inc. (NYSE:HON) by 60.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,121 shares of the conglomerate’s stock after selling 84,414 shares during the period. Nuveen Asset Management LLC’s holdings in Honeywell International were worth $7,008,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of HON. Farmers Trust Co. increased its stake in Honeywell International by 3.2% in the first quarter. Farmers Trust Co. now owns 54,145 shares of the conglomerate’s stock valued at $6,761,000 after buying an additional 1,703 shares in the last quarter. Marshwinds Advisory Co. increased its stake in Honeywell International by 2.3% in the first quarter. Marshwinds Advisory Co. now owns 11,564 shares of the conglomerate’s stock valued at $1,444,000 after buying an additional 260 shares in the last quarter. Bank of Montreal Can increased its stake in Honeywell International by 14.0% in the first quarter. Bank of Montreal Can now owns 996,682 shares of the conglomerate’s stock valued at $124,455,000 after buying an additional 122,688 shares in the last quarter. Perkins Coie Trust Co increased its stake in Honeywell International by 1.2% in the first quarter. Perkins Coie Trust Co now owns 11,583 shares of the conglomerate’s stock valued at $1,446,000 after buying an additional 136 shares in the last quarter. Finally, Pennsylvania Trust Co increased its stake in Honeywell International by 0.5% in the first quarter. Pennsylvania Trust Co now owns 100,591 shares of the conglomerate’s stock valued at $12,561,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 76.49% of the company’s stock.
Honeywell International Inc. (HON) traded down 0.66% during mid-day trading on Friday, hitting $134.95. 2,977,551 shares of the stock traded hands. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The company has a 50-day moving average of $136.42 and a 200 day moving average of $130.09. The firm has a market capitalization of $102.64 billion, a P/E ratio of 20.93 and a beta of 0.94.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a dividend of $0.665 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio is presently 41.24%.
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Several research analysts have issued reports on HON shares. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Cowen and Company restated an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Morgan Stanley raised their price target on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday. Finally, Credit Suisse Group restated a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.64.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 116,021 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total value of $15,279,965.70. Following the completion of the transaction, the senior vice president now owns 286,199 shares of the company’s stock, valued at approximately $37,692,408.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 469,799 shares of company stock valued at $64,094,877. 1.56% of the stock is owned by corporate insiders.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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