Cetera Advisor Networks LLC Decreases Position in Honeywell International Inc. (NYSE:HON)

Cetera Advisor Networks LLC lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,769 shares of the conglomerate’s stock after selling 315 shares during the period. Cetera Advisor Networks LLC’s holdings in Honeywell International were worth $5,890,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Miracle Mile Advisors LLC grew its stake in Honeywell International by 72.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 14,319 shares of the conglomerate’s stock valued at $2,423,000 after buying an additional 6,038 shares in the last quarter. Trillium Asset Management LLC purchased a new position in Honeywell International in the 3rd quarter valued at approximately $579,000. Tiedemann Advisors LLC grew its stake in Honeywell International by 189.7% in the 3rd quarter. Tiedemann Advisors LLC now owns 10,863 shares of the conglomerate’s stock valued at $1,837,000 after buying an additional 7,113 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in Honeywell International by 7.9% in the 3rd quarter. Insight Wealth Strategies LLC now owns 2,727 shares of the conglomerate’s stock valued at $461,000 after buying an additional 199 shares in the last quarter. Finally, Rational Advisors LLC grew its stake in Honeywell International by 377.0% in the 3rd quarter. Rational Advisors LLC now owns 4,388 shares of the conglomerate’s stock valued at $742,000 after buying an additional 3,468 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction on 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 directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of Honeywell International stock in a transaction on 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 sale, the chief executive officer now directly owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Shares of NYSE:HON opened at $181.95 on Thursday. The firm has a fifty day moving average price of $169.63 and a two-hundred day moving average price of $169.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.08. Honeywell International Inc. has a one year low of $123.48 and a one year high of $183.12. The company has a market cap of $129.21 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.42 and a beta of 1.10.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The firm had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same period last year, the firm earned $2.03 EPS. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post 8.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.98%. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

A number of research firms recently weighed in on HON. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Credit Suisse Group lifted their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Cowen set a $180.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Friday, October 18th. Citigroup lifted their price objective on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Barclays lifted their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $185.80.

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.

Further Reading: 52-Week High/Low

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

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