Sawgrass Asset Management LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Sawgrass Asset Management LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HONGet Rating) by 3.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,097 shares of the conglomerate’s stock after selling 371 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Honeywell International were worth $2,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. TFO TDC LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $30,000. Rather & Kittrell Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $32,000. Rational Advisors LLC lifted its stake in shares of Honeywell International by 69.4% in the 1st quarter. Rational Advisors LLC now owns 183 shares of the conglomerate’s stock valued at $36,000 after purchasing an additional 75 shares during the period. San Luis Wealth Advisors LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $43,000. Finally, DeDora Capital Inc. purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 5,011 shares of Honeywell International stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total transaction of $952,090.00. Following the transaction, the chief financial officer now directly owns 43,625 shares in the company, valued at $8,288,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HON shares. Citigroup lifted their price objective on Honeywell International from $211.00 to $222.00 in a research note on Friday, July 29th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, July 11th. Royal Bank of Canada lifted their price objective on Honeywell International from $184.00 to $193.00 in a research note on Friday, July 29th. Morgan Stanley reduced their target price on Honeywell International from $194.00 to $192.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $210.08.

Honeywell International Stock Performance

Shares of HON opened at $184.98 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.92. Honeywell International Inc. has a one year low of $167.35 and a one year high of $228.26. The firm has a market capitalization of $124.62 billion, a P/E ratio of 25.24, a PEG ratio of 2.31 and a beta of 1.06. The business has a fifty day moving average of $191.80 and a 200 day moving average of $189.70.

Honeywell International (NASDAQ:HONGet Rating) last released its earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.07. The company had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. Honeywell International’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 8.68 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were given a dividend of $0.98 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.92 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 53.48%.

About Honeywell International

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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; thermal systems, as well as wireless connectivity and management services.

See Also

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

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