Wealthfront Advisers LLC Cuts Stake in Honeywell International Inc. (NYSE:HON)

Wealthfront Advisers LLC reduced its position in Honeywell International Inc. (NYSE:HON) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,529 shares of the conglomerate’s stock after selling 1,320 shares during the quarter. Wealthfront Advisers LLC’s holdings in Honeywell International were worth $5,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lenox Wealth Advisors LLC grew its holdings in shares of Honeywell International by 453.8% during the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Honeywell International during the second quarter valued at $25,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at $31,000. Transamerica Financial Advisors Inc. grew its holdings in shares of Honeywell International by 2,371.4% during the second quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock valued at $31,000 after buying an additional 166 shares during the last quarter. Finally, Mackey Komara & Dankovich LLC grew its holdings in shares of Honeywell International by 887.9% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,798 shares of the conglomerate’s stock valued at $33,000 after buying an additional 1,616 shares during the last quarter. 75.83% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Citigroup boosted their price objective on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a report on Monday, September 9th. Morgan Stanley dropped their price objective on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Cowen restated a “buy” rating and set a $180.00 target price on shares of Honeywell International in a research report on Friday, August 2nd. Finally, Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and a consensus price target of $184.09.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares in the company, valued at $12,467,006.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the transaction, the chief executive officer now owns 28,920 shares of the company’s stock, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,133 shares of company stock valued at $4,141,655. Insiders own 0.73% of the company’s stock.

NYSE HON traded up $0.63 on Wednesday, reaching $164.27. 122,412 shares of the company’s stock traded hands, compared to its average volume of 2,594,340. The firm has a market cap of $117.66 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.20 and a beta of 1.10. The stock has a 50 day moving average price of $165.50 and a 200-day moving average price of $168.28. 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.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $9.24 billion during 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 firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 8.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio is 40.95%.

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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