Honeywell International Inc. (HON) Position Cut by Mckinley Capital Management LLC Delaware

Mckinley Capital Management LLC Delaware cut its position in shares of Honeywell International Inc. (NYSE:HON) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,603 shares of the conglomerate’s stock after selling 1,253 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Honeywell International were worth $6,687,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Janus Henderson Group PLC lifted its holdings in Honeywell International by 4,986.7% during the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after purchasing an additional 4,308,688 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares in the last quarter. APG Asset Management N.V. lifted its holdings in Honeywell International by 69.6% during the fourth quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after purchasing an additional 1,373,600 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares in the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Several research firms have issued reports on HON. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. UBS began coverage on shares of Honeywell International in a report on Monday, January 22nd. They set a “buy” rating on the stock. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Finally, Cowen reaffirmed a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $166.73.

Shares of HON stock opened at $143.28 on Friday. The company has a market cap of $110,454.05, a PE ratio of 20.81, a PEG ratio of 2.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. Honeywell International Inc. has a 12-month low of $122.40 and a 12-month high of $165.13.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 earnings per share. sell-side analysts anticipate that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.

Honeywell International announced that its board has initiated a stock buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is 143.27%.

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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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