Wimmer Associates 1 LLC Cuts Holdings in Honeywell International Inc. (HON)

Wimmer Associates 1 LLC trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,170 shares of the conglomerate’s stock after selling 15 shares during the quarter. Wimmer Associates 1 LLC’s holdings in Honeywell International were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Savant Capital LLC boosted its stake in Honeywell International by 2.6% during the first quarter. Savant Capital LLC now owns 3,657 shares of the conglomerate’s stock worth $457,000 after buying an additional 92 shares during the period. Beacon Trust Co. boosted its stake in Honeywell International by 0.9% during the first quarter. Beacon Trust Co. now owns 41,907 shares of the conglomerate’s stock worth $5,218,000 after buying an additional 377 shares during the period. Independent Advisor Alliance boosted its stake in Honeywell International by 6.2% during the first quarter. Independent Advisor Alliance now owns 5,727 shares of the conglomerate’s stock worth $708,000 after buying an additional 336 shares during the period. Abbrea Capital LLC lifted its position in shares of Honeywell International by 5.1% during the first quarter. Abbrea Capital LLC now owns 26,124 shares of the conglomerate’s stock worth $3,262,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Alambic Investment Management L.P. lifted its position in shares of Honeywell International by 134.9% during the first quarter. Alambic Investment Management L.P. now owns 7,400 shares of the conglomerate’s stock worth $924,000 after purchasing an additional 4,250 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Inc. (NYSE HON) traded up 1.27% during trading on Friday, reaching $138.95. The company’s stock had a trading volume of 4,594,069 shares. The stock has a market capitalization of $105.68 billion, a PE ratio of 21.55 and a beta of 0.94. The stock has a 50 day moving average price of $137.53 and a 200 day moving average price of $132.16. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a dividend of $0.665 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. Honeywell International’s dividend payout ratio is presently 41.24%.

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Several analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. lifted their target price on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and set a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Friday. HSBC Holdings plc assumed coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Finally, BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $141.24.

In related news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock worth $48,886,463 in the last 90 days. 1.56% of the stock is currently owned by company 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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