Profund Advisors LLC trimmed its holdings in Honeywell (NYSE:HON) by 9.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,636 shares of the conglomerate’s stock after selling 2,352 shares during the quarter. Profund Advisors LLC’s holdings in Honeywell were worth $3,416,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. We Are One Seven LLC bought a new stake in shares of Honeywell in the 4th quarter worth approximately $199,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Honeywell by 2.1% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 107,484 shares of the conglomerate’s stock worth $15,333,000 after acquiring an additional 2,192 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Honeywell in the 4th quarter worth approximately $746,000. Employees Retirement System of Texas lifted its holdings in shares of Honeywell by 12.9% in the 4th quarter. Employees Retirement System of Texas now owns 203,300 shares of the conglomerate’s stock worth $31,178,000 after acquiring an additional 23,300 shares during the last quarter. Finally, Albion Financial Group UT lifted its holdings in shares of Honeywell by 50.8% in the 4th quarter. Albion Financial Group UT now owns 56,436 shares of the conglomerate’s stock worth $8,655,000 after acquiring an additional 19,008 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.
Shares of NYSE HON opened at $152.26 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.36 and a quick ratio of 1.11. Honeywell has a 12 month low of $131.42 and a 12 month high of $165.13. The firm has a market capitalization of $113.44 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.04 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were issued a $0.745 dividend. The ex-dividend date was Thursday, May 17th. This represents a $2.98 annualized dividend and a yield of 1.96%. Honeywell’s dividend payout ratio (DPR) is presently 41.91%.
In other Honeywell news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the company’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $150.59, for a total value of $515,921.34. Following the completion of the transaction, the director now directly owns 43,773 shares in the company, valued at approximately $6,591,776.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy O. Mahoney sold 114,489 shares of the company’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the completion of the transaction, the insider now owns 314,725 shares of the company’s stock, valued at $47,271,695. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on HON shares. TheStreet upgraded shares of Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Stifel Nicolaus upped their price target on shares of Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research upgraded shares of Honeywell from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Tuesday, April 24th. Finally, ValuEngine lowered shares of Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $167.73.
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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