Honeywell International Inc. (HON) Position Reduced by Alethea Capital Management LLC

Alethea Capital Management LLC lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,700 shares of the conglomerate’s stock after selling 2,000 shares during the period. Alethea Capital Management LLC’s holdings in Honeywell International were worth $587,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Moloney Securities Asset Management LLC bought a new stake in Honeywell International during the fourth quarter valued at about $290,000. Quest Investment Management Inc. OR increased its stake in Honeywell International by 8.0% in the fourth quarter. Quest Investment Management Inc. OR now owns 139,238 shares of the conglomerate’s stock valued at $16,131,000 after buying an additional 10,331 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in Honeywell International during the fourth quarter valued at about $114,000. Bienville Capital Management LLC bought a new stake in Honeywell International during the fourth quarter valued at about $269,000. Finally, Freestone Capital Holdings LLC boosted its position in Honeywell International by 2.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 12,852 shares of the conglomerate’s stock valued at $1,489,000 after buying an additional 357 shares during the period. 76.49% of the stock is owned by institutional investors and hedge funds.

Honeywell International Inc. (NYSE:HON) traded up 0.97% during trading on Wednesday, hitting $138.08. The stock had a trading volume of 2,001,692 shares. The stock has a market capitalization of $105.02 billion, a P/E ratio of 21.41 and a beta of 0.94. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21. The company has a 50-day moving average of $136.15 and a 200-day moving average of $129.87.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. Honeywell International’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. On average, equities analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.

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HON has been the subject of a number of recent analyst reports. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Oppenheimer Holdings, Inc. upped their target price on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated a “neutral” rating and set a $139.00 price objective (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $139.17.

In other Honeywell International news, SVP Katherine L. Adams sold 116,021 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the completion of the transaction, the senior vice president now owns 286,199 shares of the company’s stock, valued at approximately $37,692,408.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The disclosure for this sale can be found here. Insiders sold a total of 473,229 shares of company stock valued at $64,546,642 in the last ninety days. 1.56% of the stock is currently owned by insiders.

Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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

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