Honeywell International Inc. (NYSE:HON) Shares Sold by Wintrust Investments LLC

Wintrust Investments LLC decreased its stake in Honeywell International Inc. (NYSE:HON) by 9.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,053 shares of the conglomerate’s stock after selling 1,304 shares during the period. Wintrust Investments LLC’s holdings in Honeywell International were worth $2,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harvest Group Wealth Management LLC purchased a new stake in Honeywell International in the second quarter valued at $36,000. Certified Advisory Corp acquired a new stake in shares of Honeywell International in the 1st quarter valued at about $50,000. SRS Capital Advisors Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter valued at about $53,000. Better Money Decisions LLC purchased a new position in Honeywell International during the 2nd quarter worth approximately $55,000. Finally, MV Capital Management Inc. increased its position in Honeywell International by 29.8% during the second quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock worth $72,000 after buying an additional 75 shares during the period. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

In other Honeywell International news, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $231.28, for a total transaction of $2,488,341.52. Following the completion of the transaction, the chief executive officer now owns 3,495 shares of the company’s stock, valued at $808,323.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darius Adamczyk sold 28,571 shares of the stock in a transaction on Monday, August 30th. The shares were 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 corporate insiders.

A number of brokerages have recently issued reports on HON. Robert W. Baird raised their target price on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research report on Monday, July 26th. Barclays raised their price objective on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, July 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Honeywell International from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, July 26th. Finally, Royal Bank of Canada raised their price target 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $231.62.

Shares of HON stock traded up $1.11 during midday trading on Wednesday, reaching $221.30. 50,181 shares of the company traded hands, compared to its average volume of 2,750,400. The firm’s 50 day simple moving average is $228.73 and its two-hundred day simple moving average is $223.72. The firm has a market cap of $152.79 billion, a PE ratio of 31.23, 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 current ratio of 1.41 and a quick ratio of 1.15. Honeywell International Inc. has a 1-year low of $156.85 and a 1-year high of $236.86.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 22nd. The conglomerate reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $8.09 billion during 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% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 13th were paid a $0.93 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $3.72 dividend on an annualized basis and a yield of 1.68%. Honeywell International’s payout ratio is 52.39%.

Honeywell International Company 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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