Sippican Capital Advisors Cuts Stock Position in Honeywell International Inc. (NYSE:HON)

Sippican Capital Advisors lowered its holdings in Honeywell International Inc. (NYSE:HON) by 1.8% during the 3rd quarter, Holdings Channel reports. The firm owned 9,229 shares of the conglomerate’s stock after selling 172 shares during the period. Honeywell International makes up about 1.9% of Sippican Capital Advisors’ investment portfolio, making the stock its 15th largest holding. Sippican Capital Advisors’ holdings in Honeywell International were worth $1,562,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SevenBridge Financial Group LLC lifted its position in shares of Honeywell International by 0.5% during the 2nd quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock valued at $2,014,000 after buying an additional 60 shares during the last quarter. Claro Advisors LLC raised its stake in shares of Honeywell International by 0.8% during the 2nd quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock valued at $1,361,000 after purchasing an additional 60 shares during the period. Financial Advocates Investment Management raised its stake in shares of Honeywell International by 0.8% during the 2nd quarter. Financial Advocates Investment Management now owns 7,309 shares of the conglomerate’s stock valued at $1,276,000 after purchasing an additional 60 shares during the period. Ontario Teachers Pension Plan Board raised its stake in shares of Honeywell International by 1.4% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 4,292 shares of the conglomerate’s stock valued at $749,000 after purchasing an additional 60 shares during the period. Finally, Claraphi Advisory Network LLC raised its stake in shares of Honeywell International by 1.3% during the 2nd quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after purchasing an additional 61 shares during the period. 75.83% of the stock is currently owned by institutional investors and hedge funds.

In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total value of $1,800,057.92. Following the transaction, the chief executive officer now directly owns 28,920 shares in the company, valued at approximately $4,739,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Insiders sold a total of 25,133 shares of company stock worth $4,141,655 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

NYSE HON traded up $4.44 during trading on Thursday, reaching $168.07. The company’s stock had a trading volume of 1,675,464 shares, compared to its average volume of 2,530,095. The stock has a market capitalization of $117.27 billion, a PE ratio of 20.98, a P/E/G ratio of 2.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The firm has a fifty day moving average of $165.64 and a 200 day moving average of $168.31. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.07. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. Research analysts expect that Honeywell International Inc. will post 8.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.90 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, November 14th. Honeywell International’s dividend payout ratio is currently 40.95%.

A number of research firms recently issued reports on HON. Citigroup boosted their price objective on Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Royal Bank of Canada set a $177.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Cowen reiterated a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. Barclays boosted their price objective on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average target price of $184.09.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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