Proficio Capital Partners LLC Sells 362 Shares of Honeywell International Inc. (HON)

Proficio Capital Partners LLC lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 29.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 872 shares of the conglomerate’s stock after selling 362 shares during the period. Proficio Capital Partners LLC’s holdings in Honeywell International were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Honeywell International by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after purchasing an additional 456,410 shares during the last quarter. Vanguard Group Inc lifted its stake in Honeywell International by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock worth $8,666,914,000 after acquiring an additional 456,410 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Honeywell International by 12,075.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock worth $168,000 after acquiring an additional 21,985,685 shares in the last quarter. Franklin Resources Inc. lifted its stake in Honeywell International by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,638,377 shares of the conglomerate’s stock worth $1,104,622,000 after acquiring an additional 32,372 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Honeywell International by 2.3% during the 3rd quarter. Clearbridge Investments LLC now owns 6,249,508 shares of the conglomerate’s stock worth $1,039,918,000 after acquiring an additional 139,901 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Shares of NYSE HON opened at $155.35 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $167.72. The stock has a market cap of $113.26 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.16 and a beta of 1.10.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter in the prior year, the business earned $1.85 EPS. Honeywell International’s revenue was down 10.3% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.28 annualized dividend and a yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is 40.95%.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the sale, the insider now owns 305,505 shares in the company, valued at approximately $47,139,421.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 4,234 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $148.75, for a total value of $629,807.50. Following the sale, the director now owns 11,369 shares in the company, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Several research firms recently issued reports on HON. Deutsche Bank increased their target price on Honeywell International to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 4th. UBS Group reissued a “top pick” rating on shares of Honeywell International in a research note on Thursday, January 10th. CIBC reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price on the stock in a research note on Thursday, January 3rd. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $168.88.

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About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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