Gerber Kawasaki Wealth & Investment Management Lowers Position in Honeywell International Inc. (NYSE:HON)

Gerber Kawasaki Wealth & Investment Management lessened its position in Honeywell International Inc. (NYSE:HON) by 42.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,035 shares of the conglomerate’s stock after selling 767 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Honeywell International were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Cumberland Partners Ltd increased its position in Honeywell International by 2.3% during the 1st quarter. Cumberland Partners Ltd now owns 100,961 shares of the conglomerate’s stock valued at $21,915,000 after buying an additional 2,234 shares in the last quarter. Stifel Financial Corp increased its position in Honeywell International by 2.4% during the 1st quarter. Stifel Financial Corp now owns 1,280,327 shares of the conglomerate’s stock valued at $277,932,000 after buying an additional 29,607 shares in the last quarter. Congress Asset Management Co. MA increased its position in Honeywell International by 2.5% during the 2nd quarter. Congress Asset Management Co. MA now owns 58,476 shares of the conglomerate’s stock valued at $12,827,000 after buying an additional 1,424 shares in the last quarter. Simmons Bank increased its position in Honeywell International by 10.9% during the 2nd quarter. Simmons Bank now owns 16,076 shares of the conglomerate’s stock valued at $3,527,000 after buying an additional 1,582 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Honeywell International by 6.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 2,067,526 shares of the conglomerate’s stock valued at $448,797,000 after buying an additional 121,931 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.

In other news, CEO Que Dallara sold 10,759 shares of the business’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total value of $2,488,341.52. Following the transaction, the chief executive officer now directly owns 3,495 shares in the company, valued at $808,323.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Darius Adamczyk sold 28,571 shares of Honeywell International stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $231.97, for a total value of $6,627,614.87. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

NYSE HON opened at $215.73 on Tuesday. The company has a market capitalization of $148.94 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.41. The business’s fifty day moving average is $228.45 and its 200 day moving average is $224.09. Honeywell International Inc. has a fifty-two week low of $156.85 and a fifty-two week high of $236.86.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.08. The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.66 billion. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. Honeywell International’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. On average, sell-side analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 annualized dividend and a yield of 1.72%. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.

A number of research firms have commented on HON. Barclays lifted their target price on Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a report on Monday, July 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, July 26th. Robert W. Baird lifted their target price on Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a report on Monday, July 26th. Finally, Royal Bank of Canada lifted their target price on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a report on Monday, July 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has an average rating of “Buy” and an average target price of $231.62.

Honeywell International Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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

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