Cable Hill Partners LLC Takes Position in Honeywell International Inc. (NYSE:HON)

Cable Hill Partners LLC acquired a new stake in Honeywell International Inc. (NYSE:HON) during the second quarter, Holdings Channel.com reports. The firm acquired 1,643 shares of the conglomerate’s stock, valued at approximately $360,000.

Several other large investors have also made changes to their positions in HON. Founders Financial Alliance LLC raised its stake in Honeywell International by 0.5% during the 2nd quarter. Founders Financial Alliance LLC now owns 8,609 shares of the conglomerate’s stock worth $1,890,000 after buying an additional 44 shares during the period. Highland Private Wealth Management raised its stake in Honeywell International by 4.1% during the 2nd quarter. Highland Private Wealth Management now owns 1,110 shares of the conglomerate’s stock worth $243,000 after buying an additional 44 shares during the period. Cobblestone Capital Advisors LLC NY raised its stake in Honeywell International by 0.9% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 4,951 shares of the conglomerate’s stock worth $1,086,000 after buying an additional 44 shares during the period. Glassman Wealth Services raised its stake in Honeywell International by 8.3% during the 2nd quarter. Glassman Wealth Services now owns 585 shares of the conglomerate’s stock worth $128,000 after buying an additional 45 shares during the period. Finally, Cypress Capital Group raised its stake in Honeywell International by 1.0% during the 2nd quarter. Cypress Capital Group now owns 4,510 shares of the conglomerate’s stock worth $989,000 after buying an additional 46 shares during the period. 75.66% of the stock is currently owned by institutional investors.

Shares of HON stock traded up $2.85 during trading on Thursday, hitting $218.43. The company’s stock had a trading volume of 56,008 shares, compared to its average volume of 2,697,996. The company has a market cap of $150.80 billion, a PE ratio of 30.86, a P/E/G ratio of 2.57 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89. The business has a fifty day moving average of $223.73 and a 200-day moving average of $224.47. Honeywell International Inc. has a 52 week low of $159.42 and a 52 week high of $236.86.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The business had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same period in the prior year, the company earned $1.26 earnings per share. Honeywell International’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Friday, November 12th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.79%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Wednesday, November 10th. Honeywell International’s dividend payout ratio is 52.39%.

In other Honeywell International news, CEO Darius Adamczyk sold 28,571 shares of the stock in a transaction on Monday, August 30th. The stock was sold at an average price of $231.97, for a total transaction of $6,627,614.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Que Dallara sold 10,759 shares of the stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the sale, the chief executive officer now owns 3,495 shares in the company, valued at approximately $808,323.60. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Honeywell International in a research note on Thursday, October 7th. They set an “equal weight” rating and a $229.00 price target on the stock. Robert W. Baird upped their price target on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research note on Monday, July 26th. Royal Bank of Canada boosted their price objective on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a report on Monday, July 26th. Morgan Stanley decreased their price objective on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating for the company in a report on Thursday, October 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, July 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $230.21.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

Further Reading: Hold Rating

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.