Coastal Bridge Advisors LLC Cuts Stake in Honeywell International Inc. (NYSE:HON)

Coastal Bridge Advisors LLC lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 20.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,308 shares of the conglomerate’s stock after selling 581 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Honeywell International were worth $506,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Harvest Group Wealth Management LLC purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $36,000. Certified Advisory Corp purchased a new position in shares of Honeywell International in the 1st quarter valued at about $50,000. SRS Capital Advisors Inc. purchased a new position in shares of Honeywell International in the 2nd quarter valued at about $53,000. Better Money Decisions LLC acquired a new stake in Honeywell International in the 2nd quarter valued at about $55,000. Finally, MV Capital Management Inc. grew its stake in Honeywell International by 29.8% in the 2nd quarter. MV Capital Management Inc. now owns 327 shares of the conglomerate’s stock valued at $72,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

In other news, CEO Que Dallara sold 10,759 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $231.28, for a total transaction of $2,488,341.52. Following the completion of the sale, the chief executive officer now owns 3,495 shares of the company’s stock, valued at $808,323.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darius Adamczyk sold 28,571 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $231.97, for a total transaction of $6,627,614.87. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

NYSE HON traded up $2.74 during mid-day trading on Wednesday, hitting $222.93. The company’s stock had a trading volume of 101,478 shares, compared to its average volume of 2,750,400. Honeywell International Inc. has a 52-week low of $156.85 and a 52-week high of $236.86. The stock’s fifty day simple moving average is $228.73 and its two-hundred day simple moving average is $223.72. 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 $153.91 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 22nd. The conglomerate reported $2.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.08. Honeywell International had a net margin of 14.65% and a return on equity of 29.44%. The firm had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the firm posted $1.26 earnings per share. Honeywell International’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were paid a dividend of $0.93 per share. The ex-dividend date was Thursday, August 12th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.67%. Honeywell International’s dividend payout ratio is currently 52.39%.

HON has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on shares of Honeywell International from $227.00 to $231.00 and gave the company a “sector perform” rating in a research note on Monday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Honeywell International from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, July 26th. Barclays raised their price target on shares of Honeywell International from $245.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, July 26th. Finally, Robert W. Baird raised their price target on shares of Honeywell International from $247.00 to $251.00 and gave the stock an “outperform” rating in a research note on Monday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $231.62.

About Honeywell International

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.

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

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