Honeywell International Inc. (NYSE:HON) Position Trimmed by Howland Capital Management LLC


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Howland Capital Management LLC decreased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 18.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,802 shares of the conglomerate’s stock after selling 400 shares during the period. Howland Capital Management LLC’s holdings in Honeywell International were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Parsons Capital Management Inc. RI increased its stake in Honeywell International by 1.4% during the first quarter. Parsons Capital Management Inc. RI now owns 61,556 shares of the conglomerate’s stock valued at $13,362,000 after purchasing an additional 840 shares during the last quarter. Bender Robert & Associates bought a new stake in Honeywell International during the first quarter valued at $217,000. Cypress Wealth Services LLC grew its position in shares of Honeywell International by 51.0% during the first quarter. Cypress Wealth Services LLC now owns 3,664 shares of the conglomerate’s stock worth $795,000 after acquiring an additional 1,237 shares during the last quarter. Probity Advisors Inc. bought a new position in shares of Honeywell International during the first quarter worth about $245,000. Finally, Csenge Advisory Group grew its position in shares of Honeywell International by 1.7% during the first quarter. Csenge Advisory Group now owns 3,569 shares of the conglomerate’s stock worth $810,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

In related news, VP Anne T. Madden sold 8,885 shares of the firm’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $223.22, for a total value of $1,983,309.70. Following the completion of the transaction, the vice president now directly owns 50,658 shares of the company’s stock, valued at $11,307,878.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by company insiders.

Several research firms have recently commented on HON. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $222.00 to $244.00 in a research report on Wednesday, April 14th. Morgan Stanley upped their price target on shares of Honeywell International from $230.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group upped their price objective on shares of Honeywell International from $180.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, January 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Finally, Credit Suisse Group upped their price objective on shares of Honeywell International from $224.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $221.00.

NYSE:HON opened at $223.20 on Tuesday. The stock’s 50 day moving average price is $221.11 and its 200 day moving average price is $206.17. Honeywell International Inc. has a 52 week low of $117.11 and a 52 week high of $232.35. The company has a market capitalization of $155.02 billion, a P/E ratio of 32.02, a P/E/G ratio of 3.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.37 and a current ratio of 1.64.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, April 22nd. The conglomerate reported $1.92 EPS for the quarter, beating the consensus estimate of $1.80 by $0.12. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The company had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the company posted $2.21 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Honeywell International Inc. will post 7.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Friday, May 14th will be given a $0.93 dividend. The ex-dividend date is Thursday, May 13th. This represents a $3.72 annualized dividend and a yield of 1.67%. Honeywell International’s dividend payout ratio (DPR) is currently 45.59%.

Honeywell International Profile

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; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.

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

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