Signature Estate & Investment Advisors LLC Sells 8,489 Shares of Honeywell International Inc. (NYSE:HON)

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Signature Estate & Investment Advisors LLC lessened its stake in shares of Honeywell International Inc. (NYSE:HON) by 5.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,404 shares of the conglomerate’s stock after selling 8,489 shares during the quarter. Honeywell International makes up 1.9% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 18th biggest holding. Signature Estate & Investment Advisors LLC’s holdings in Honeywell International were worth $25,386,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. SevenBridge Financial Group LLC lifted its holdings in Honeywell International by 0.5% in the second quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock valued at $2,014,000 after buying an additional 60 shares during the period. Claro Advisors LLC lifted its holdings in Honeywell International by 0.8% in the second quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock valued at $1,361,000 after buying an additional 60 shares during the period. Claraphi Advisory Network LLC lifted its holdings in Honeywell International by 1.3% in the second quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after buying an additional 61 shares during the period. Searle & CO. lifted its holdings in Honeywell International by 0.3% in the first quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock valued at $3,122,000 after buying an additional 62 shares during the period. Finally, Nwam LLC lifted its holdings in Honeywell International by 1.5% in the second quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock valued at $786,000 after buying an additional 65 shares during the period. 77.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HON traded down $1.93 during trading on Thursday, hitting $162.11. 1,188,168 shares of the company traded hands, compared to its average volume of 2,508,685. The firm has a fifty day moving average of $172.44. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47. The firm has a market cap of $118.72 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. Analysts expect that Honeywell International Inc. will post 8.1 EPS for the current fiscal year.

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

In related news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the sale, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on HON shares. Barclays boosted their target price on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Cowen restated a “buy” rating and issued a $180.00 target price on shares of Honeywell International in a report on Friday, August 2nd. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group upped their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a report on Friday, July 19th. Four equities research 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. The stock has an average rating of “Buy” and a consensus target price of $184.08.

About Honeywell International

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.

Featured Story: Return on Equity (ROE)

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

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