Honeywell International Inc. $HON Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. reduced its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 50.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,927 shares of the conglomerate’s stock after selling 3,005 shares during the quarter. Cim Investment Management Inc.’s holdings in Honeywell International were worth $616,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Nova R Wealth Inc. increased its holdings in shares of Honeywell International by 3.0% during the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after buying an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. boosted its holdings in shares of Honeywell International by 2.2% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock worth $490,000 after acquiring an additional 50 shares in the last quarter. VSM Wealth Advisory LLC boosted its holdings in shares of Honeywell International by 4.5% in the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock worth $242,000 after acquiring an additional 50 shares in the last quarter. Mather Group LLC. grew its position in Honeywell International by 0.6% during the 3rd quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after acquiring an additional 51 shares during the last quarter. Finally, Arrow Financial Corp increased its holdings in Honeywell International by 0.5% during the 3rd quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock valued at $2,201,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,190 shares of company stock worth $4,244,287 over the last 90 days. 0.41% of the stock is currently owned by company insiders.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

Honeywell International Price Performance

Honeywell International stock opened at $231.42 on Wednesday. The business’s 50-day simple moving average is $230.98 and its 200 day simple moving average is $212.45. The stock has a market cap of $147.11 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 3.39 and a beta of 0.92. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the business posted $2.47 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio is currently 59.57%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HON. Wells Fargo & Company lifted their price objective on Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a research note on Friday, January 16th. Mizuho cut their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Finally, Barclays raised their price objective on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $251.65.

Check Out Our Latest Stock Analysis on Honeywell International

About Honeywell International

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Featured Stories

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

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