ARK Investment Management LLC Has $4.85 Million Position in Honeywell International Inc. (NASDAQ:HON)

ARK Investment Management LLC lowered its position in Honeywell International Inc. (NASDAQ:HONGet Rating) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,048 shares of the conglomerate’s stock after selling 4,434 shares during the period. ARK Investment Management LLC’s holdings in Honeywell International were worth $4,850,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in Honeywell International during the first quarter valued at approximately $25,000. TFO TDC LLC acquired a new position in Honeywell International during the first quarter valued at approximately $30,000. Rather & Kittrell Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $32,000. Rational Advisors LLC grew its holdings in Honeywell International by 69.4% during the first 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 last quarter. Finally, San Luis Wealth Advisors LLC acquired a new position in Honeywell International during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 74.74% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other Honeywell International 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 completion of the transaction, the chief financial officer now directly owns 43,625 shares of the company’s stock, valued at $8,288,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Cowen set a $205.00 price target on Honeywell International in a report on Tuesday, July 19th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, July 11th. Citigroup increased their price objective on Honeywell International from $211.00 to $222.00 in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Finally, TheStreet raised Honeywell International from a “c+” rating to a “b-” rating in a research report on Thursday, August 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.08.

Honeywell International Stock Up 0.3 %

Shares of HON stock opened at $177.35 on Monday. The stock has a market cap of $119.48 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The stock has a fifty day moving average price of $192.71 and a 200 day moving average price of $189.22. Honeywell International Inc. has a one year low of $167.35 and a one year high of $228.26. 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 (NASDAQ:HONGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.07. The company had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $2.02 earnings per share. Analysts predict that Honeywell International Inc. will post 8.68 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s payout ratio 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.

Further Reading

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

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