Honeywell International Inc. (NYSE:HON) Shares Sold by Torch Wealth Management LLC

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Torch Wealth Management LLC lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,892 shares of the conglomerate’s stock after selling 95 shares during the quarter. Torch Wealth Management LLC’s holdings in Honeywell International were worth $330,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. B. Riley Wealth Management Inc. boosted its holdings in Honeywell International by 4.9% in the 1st quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock worth $4,182,000 after acquiring an additional 1,220 shares during the period. Ibex Wealth Advisors purchased a new position in Honeywell International in the 2nd quarter worth approximately $142,000. Rockland Trust Co. boosted its holdings in Honeywell International by 10.5% in the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock worth $408,000 after acquiring an additional 222 shares during the period. Westside Investment Management Inc. purchased a new position in Honeywell International in the 2nd quarter worth approximately $48,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Honeywell International by 513.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 26,945 shares of the conglomerate’s stock worth $4,704,000 after acquiring an additional 22,556 shares during the period. 77.29% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the transaction, the director now owns 7,103 shares in the company, valued at $1,178,529.76. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

HON has been the subject of a number of analyst reports. Cowen restated a “buy” rating and issued a $180.00 price target on shares of Honeywell International in a report on Friday, August 2nd. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a “buy” rating in a report on Friday, July 19th. Deutsche Bank increased their target price on Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group increased their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and an average price target of $184.08.

Shares of Honeywell International stock traded down $1.84 on Thursday, hitting $162.20. 79,956 shares of the company’s stock traded hands, compared to its average volume of 2,508,685. The firm has a market capitalization of $118.72 billion, a PE ratio of 20.24, a P/E/G ratio of 2.20 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $172.44. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period in the prior year, the business posted $2.12 EPS. The business’s revenue was down 15.3% on a year-over-year basis. As a group, equities research analysts predict that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

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.

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

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