Stonebridge Capital Management Inc. reduced its stake in Honeywell International Inc. (NYSE:HON) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,900 shares of the conglomerate’s stock after selling 250 shares during the period. Stonebridge Capital Management Inc.’s holdings in Honeywell International were worth $506,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Fishman Jay A Ltd. MI grew its holdings in shares of Honeywell International by 3.8% in the fourth quarter. Fishman Jay A Ltd. MI now owns 38,440 shares of the conglomerate’s stock valued at $5,079,000 after purchasing an additional 1,390 shares during the period. Sound View Wealth Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at about $1,907,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Honeywell International by 42.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,775 shares of the conglomerate’s stock valued at $11,861,000 after buying an additional 26,675 shares during the last quarter. Greystone Managed Investments Inc. lifted its position in Honeywell International by 11.2% in the fourth quarter. Greystone Managed Investments Inc. now owns 86,931 shares of the conglomerate’s stock valued at $11,485,000 after buying an additional 8,781 shares during the last quarter. Finally, Ascent Wealth Partners LLC acquired a new position in Honeywell International in the fourth quarter valued at about $605,000. Institutional investors and hedge funds own 76.86% of the company’s stock.
Shares of HON traded down $0.08 during mid-day trading on Wednesday, hitting $173.83. 711,493 shares of the company’s stock were exchanged, compared to its average volume of 2,027,155. The company has a market capitalization of $124.86 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The company has a 50-day moving average of $174.48.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.89%. Honeywell International’s payout ratio is 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
A number of research firms have commented on HON. Morgan Stanley set a $620.00 target price on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group set a $130.00 target price on shares of American Express and gave the company a “hold” rating in a research report on Friday, July 19th. Credit Suisse Group set a $203.00 target price on shares of Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Citigroup set a $317.00 target price on shares of Mastercard and gave the company a “buy” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $183.15.
Honeywell International Company Profile
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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