Diamond Hill Capital Management Inc. trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 901,945 shares of the conglomerate’s stock after selling 8,022 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.12% of Honeywell International worth $120,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Factory Mutual Insurance Co. grew its stake in shares of Honeywell International by 2.6% in the 1st quarter. Factory Mutual Insurance Co. now owns 784,600 shares of the conglomerate’s stock valued at $97,972,000 after purchasing an additional 20,000 shares during the period. Candriam Luxembourg S.C.A. grew its stake in shares of Honeywell International by 24.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 64,189 shares of the conglomerate’s stock valued at $8,016,000 after purchasing an additional 12,612 shares during the period. Nationwide Fund Advisors grew its stake in shares of Honeywell International by 5.1% in the 1st quarter. Nationwide Fund Advisors now owns 398,871 shares of the conglomerate’s stock valued at $49,807,000 after purchasing an additional 19,240 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in shares of Honeywell International by 25.9% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 344,198 shares of the conglomerate’s stock valued at $42,980,000 after purchasing an additional 70,893 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Honeywell International by 3.1% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 19,309 shares of the conglomerate’s stock valued at $2,254,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

In related news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 354,108 shares of company stock worth $48,886,463. Insiders own 1.56% of the company’s stock.

Several research firms have recently weighed in on HON. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Cowen and Company reiterated an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Morgan Stanley upped their price objective on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 price objective (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $141.24.

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Honeywell International Inc. (HON) opened at 137.67 on Tuesday. The firm’s 50-day moving average price is $137.55 and its 200 day moving average price is $132.33. The firm has a market cap of $104.71 billion, a P/E ratio of 21.35 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a dividend of $0.665 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. Honeywell International’s payout ratio is presently 41.24%.

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.

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

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