Honeywell International Inc. (HON) Position Decreased by Abbrea Capital LLC

Abbrea Capital LLC lessened its holdings in Honeywell International Inc. (NYSE:HON) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,678 shares of the conglomerate’s stock after selling 468 shares during the period. Honeywell International comprises about 1.2% of Abbrea Capital LLC’s portfolio, making the stock its 20th largest holding. Abbrea Capital LLC’s holdings in Honeywell International were worth $4,106,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Swiss National Bank increased its stake in Honeywell International by 7.1% during the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock worth $358,162,000 after buying an additional 164,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Honeywell International by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,393,426 shares of the conglomerate’s stock worth $393,838,000 after buying an additional 29,782 shares in the last quarter. AGF Investments Inc. boosted its holdings in shares of Honeywell International by 9.7% during the 2nd quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock worth $326,644,000 after purchasing an additional 201,003 shares during the last quarter. Investec Asset Management LTD boosted its holdings in shares of Honeywell International by 5.9% during the 2nd quarter. Investec Asset Management LTD now owns 2,174,351 shares of the conglomerate’s stock worth $313,215,000 after purchasing an additional 120,784 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Honeywell International by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,159,594 shares of the conglomerate’s stock worth $311,083,000 after purchasing an additional 74,703 shares during the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

In related news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total value of $1,944,742.00. Following the transaction, the director now directly owns 13,607 shares in the company, valued at $1,974,783.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total value of $590,922.93. Following the completion of 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. Corporate insiders own 1.33% of the company’s stock.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Credit Suisse Group lowered their target price on Honeywell International from $170.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, October 23rd. Citigroup set a $186.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Tuesday, October 30th. Finally, Gordon Haskett assumed coverage on Honeywell International in a report on Friday, October 12th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $172.90.

HON opened at $143.26 on Monday. Honeywell International Inc. has a one year low of $139.30 and a one year high of $167.72. The company has a market capitalization of $106.05 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 1.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 dividend on an annualized basis and a yield of 2.29%. Honeywell International’s dividend payout ratio is currently 46.13%.

ILLEGAL ACTIVITY WARNING: “Honeywell International Inc. (HON) Position Decreased by Abbrea Capital LLC” was first reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/26/honeywell-international-inc-hon-position-decreased-by-abbrea-capital-llc.html.

Honeywell International 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.

See Also: Can systematic risk be avoided?

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply