Mount Vernon Associates Inc. MD Sells 600 Shares of Honeywell International Inc. (NYSE:HON)

Mount Vernon Associates Inc. MD decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,882 shares of the conglomerate’s stock after selling 600 shares during the period. Honeywell International makes up 3.3% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 11th largest holding. Mount Vernon Associates Inc. MD’s holdings in Honeywell International were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thoroughbred Financial Services LLC boosted its stake in Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after acquiring an additional 2,539,617 shares in the last quarter. Millennium Management LLC boosted its stake in Honeywell International by 146.7% during the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after acquiring an additional 1,308,339 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Honeywell International by 8.5% during the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after acquiring an additional 544,684 shares in the last quarter. Geode Capital Management LLC boosted its stake in Honeywell International by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after acquiring an additional 478,988 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Honeywell International by 92.3% during the second quarter. First Trust Advisors LP now owns 673,045 shares of the conglomerate’s stock worth $117,507,000 after acquiring an additional 323,065 shares in the last quarter. 76.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HON traded down $0.34 during midday trading on Friday, hitting $166.67. The stock had a trading volume of 1,711,738 shares, compared to its average volume of 2,538,790. The firm’s 50 day moving average is $173.22. The stock has a market cap of $120.17 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.22 and a beta of 1.09. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $178.47. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.82 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio is presently 40.95%.

In other 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 value of $847,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Several equities research analysts recently commented on HON shares. Cowen reissued a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. Deutsche Bank boosted their price objective on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group boosted their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $184.08.

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

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