Honeywell International Inc. (NYSE:HON) Holdings Lowered by Montag & Caldwell LLC

Montag & Caldwell LLC trimmed its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 353,593 shares of the conglomerate’s stock after selling 10,208 shares during the period. Honeywell International comprises about 3.2% of Montag & Caldwell LLC’s holdings, making the stock its 15th biggest holding. Montag & Caldwell LLC’s holdings in Honeywell International were worth $61,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HON. Cordasco Financial Network purchased a new stake in Honeywell International in the 1st quarter worth about $25,000. Joseph P. Lucia & Associates LLC purchased a new stake in Honeywell International in the 1st quarter worth about $25,000. Lenox Wealth Advisors LLC lifted its stake in Honeywell International by 453.8% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 118 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in Honeywell International in the 1st quarter worth about $29,000. Finally, Mcmillion Capital Management Inc. purchased a new stake in Honeywell International in the 2nd quarter worth about $31,000. 77.29% of the stock is owned by institutional investors and hedge funds.

HON stock traded down $1.69 during mid-day trading on Thursday, hitting $162.35. The stock had a trading volume of 937,200 shares, compared to its average volume of 2,508,685. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $178.47. The business’s fifty day moving average price is $172.44. The stock has a market cap of $118.72 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is currently 40.95%.

In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Several equities research analysts recently issued reports on HON shares. Deutsche Bank increased their price objective on Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Morgan Stanley increased their price objective on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Credit Suisse Group increased their price objective on Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research note on Monday, July 22nd. Finally, Jefferies Financial Group increased their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Four 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. The stock has an average rating of “Buy” and an average price target of $184.08.

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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