Eagle Capital Management LLC Decreases Position in Honeywell International Inc. (HON)
Eagle Capital Management LLC reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,298 shares of the conglomerate’s stock after selling 209 shares during the quarter. Honeywell International makes up approximately 1.7% of Eagle Capital Management LLC’s portfolio, making the stock its 25th largest position. Eagle Capital Management LLC’s holdings in Honeywell International were worth $2,839,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in shares of Honeywell International during the first quarter worth approximately $100,000. Hanson McClain Inc. lifted its stake in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the last quarter. MCF Advisors LLC lifted its stake in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 335 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 340 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
In related news, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the transaction, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock worth $48,886,463 in the last 90 days. 1.56% of the stock is owned by company insiders.
HON has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Honeywell International in a research note on Friday, May 26th. HSBC Holdings plc initiated coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Morgan Stanley reiterated an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average target price of $141.24.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.71% during midday trading on Wednesday, hitting $138.73. 1,099,790 shares of the stock traded hands. The company has a market capitalization of $105.51 billion, a P/E ratio of 21.51 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The stock has a 50 day moving average of $137.60 and a 200 day moving average of $132.42.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the business earned $1.70 earnings per share. Honeywell International’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s payout ratio is currently 41.24%.
About Honeywell International
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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