Thrivent Financial for Lutherans Sells 314,805 Shares of Honeywell International Inc. (NYSE:HON)


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Thrivent Financial for Lutherans lowered its position in Honeywell International Inc. (NYSE:HON) by 29.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 742,279 shares of the conglomerate’s stock after selling 314,805 shares during the quarter. Thrivent Financial for Lutherans owned about 0.11% of Honeywell International worth $122,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Lindbrook Capital LLC boosted its position in Honeywell International by 5.0% during the 3rd quarter. Lindbrook Capital LLC now owns 1,207 shares of the conglomerate’s stock valued at $199,000 after acquiring an additional 58 shares in the last quarter. Great Diamond Partners LLC raised its position in Honeywell International by 0.6% in the third quarter. Great Diamond Partners LLC now owns 9,999 shares of the conglomerate’s stock worth $1,645,000 after acquiring an additional 60 shares during the period. Patten Group Inc. boosted its stake in shares of Honeywell International by 0.6% during the 3rd quarter. Patten Group Inc. now owns 10,470 shares of the conglomerate’s stock worth $1,723,000 after acquiring an additional 60 shares during the last quarter. GYL Financial Synergies LLC boosted its stake in shares of Honeywell International by 3.0% during the 3rd quarter. GYL Financial Synergies LLC now owns 2,063 shares of the conglomerate’s stock worth $340,000 after acquiring an additional 60 shares during the last quarter. Finally, Arden Trust Co increased its stake in shares of Honeywell International by 0.8% in the 3rd quarter. Arden Trust Co now owns 8,393 shares of the conglomerate’s stock worth $1,382,000 after purchasing an additional 63 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors.

HON stock traded down $0.72 during trading on Friday, reaching $202.00. The company had a trading volume of 2,359,051 shares, compared to its average volume of 3,560,859. The company has a market cap of $141.74 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.31 and a beta of 1.01. Honeywell International Inc. has a twelve month low of $101.08 and a twelve month high of $210.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.37 and a current ratio of 1.64. The firm has a 50-day simple moving average of $178.93 and a 200-day simple moving average of $158.35.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 30th. The conglomerate reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The firm had revenue of $7.80 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the company earned $2.08 earnings per share. The business’s quarterly revenue was down 14.2% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 7.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.84%. This is a boost from Honeywell International’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. Honeywell International’s payout ratio is presently 45.59%.

In related news, major shareholder Honeywell International Inc acquired 220,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was acquired at an average price of $3.64 per share, with a total value of $800,800.00. Following the acquisition, the insider now directly owns 97,200 shares in the company, valued at approximately $353,808. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Darius Adamczyk sold 20,000 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $163.95, for a total value of $3,279,000.00. Following the completion of the sale, the chief executive officer now owns 200,677 shares in the company, valued at approximately $32,900,994.15. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 773,949 shares of company stock worth $2,987,675 and sold 51,717 shares worth $9,097,448. 0.64% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on HON. Argus increased their price objective on shares of Honeywell International from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Bank of America raised their price target on Honeywell International from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Robert W. Baird increased their target price on Honeywell International from $150.00 to $167.00 in a research report on Monday, July 27th. Barclays reissued a “buy” rating on shares of Honeywell International in a report on Sunday, July 26th. Finally, Morgan Stanley upped their price target on Honeywell International from $172.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Honeywell International currently has an average rating of “Hold” and an average target price of $171.56.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. The Aerospace 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; thermal systems; and connected solutions and data services for the aftermarket, as well as wireless connectivity, and management and technical services.

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

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