Public Employees Retirement Association of Colorado Cuts Position in Honeywell International Inc. (NYSE:HON)

Public Employees Retirement Association of Colorado cut its stake in Honeywell International Inc. (NYSE:HON) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 983,355 shares of the conglomerate’s stock after selling 8,889 shares during the quarter. Honeywell International comprises about 0.9% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 22nd biggest position. Public Employees Retirement Association of Colorado’s holdings in Honeywell International were worth $215,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd increased its holdings in shares of Honeywell International by 97.3% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 144 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Harvest Group Wealth Management LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at $36,000. SRS Capital Advisors Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at $53,000. Better Money Decisions LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at $55,000. Finally, MV Capital Management Inc. boosted its position in shares of Honeywell International by 29.8% in the 2nd quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock worth $72,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.

HON traded up $2.61 on Thursday, reaching $218.19. 59,246 shares of the stock were exchanged, compared to its average volume of 2,697,996. The company’s 50-day moving average price is $223.73 and its 200 day moving average price is $224.47. Honeywell International Inc. has a fifty-two week low of $159.42 and a fifty-two week high of $236.86. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 1.15. The firm has a market capitalization of $150.64 billion, a PE ratio of 30.86, a PEG ratio of 2.57 and a beta of 1.16.

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 Zacks’ consensus estimate of $1.94 by $0.08. The business had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.66 billion. Honeywell International had a return on equity of 29.44% and a net margin of 14.65%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Friday, November 12th will be paid a dividend of $0.98 per share. The ex-dividend date is Wednesday, November 10th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.93. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.

In related news, CEO Que Dallara sold 10,759 shares of Honeywell International 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 completion of the transaction, the chief executive officer now owns 3,495 shares in the company, valued at approximately $808,323.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Darius Adamczyk sold 28,571 shares of Honeywell International stock in a transaction dated 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. Company insiders own 0.44% of the company’s stock.

A number of analysts have recently weighed in on HON shares. Morgan Stanley lowered their price objective on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating for the company in a research report on Thursday, October 7th. Royal Bank of Canada raised their price objective on Honeywell International from $227.00 to $231.00 and gave the stock a “sector perform” rating in a research report on Monday, July 26th. Robert W. Baird raised their price objective on 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 Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, July 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $230.21.

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.

Featured Story: What are Institutional Investors?

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.