Oxbow Advisors LLC Cuts Position in Honeywell International Inc. (HON)

Oxbow Advisors LLC cut its position in shares of Honeywell International Inc. (NYSE:HON) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,470 shares of the conglomerate’s stock after selling 1,470 shares during the period. Oxbow Advisors LLC’s holdings in Honeywell International were worth $4,055,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Osborn Williams & Donohoe LLC increased its position in shares of Honeywell International by 0.4% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 62,382 shares of the conglomerate’s stock worth $7,227,000 after buying an additional 261 shares during the last quarter. First Bank & Trust bought a new position in shares of Honeywell International during the fourth quarter worth approximately $354,000. Russell Investments Group Ltd. bought a new position in shares of Honeywell International during the fourth quarter worth approximately $258,049,000. Headinvest LLC bought a new position in shares of Honeywell International during the fourth quarter worth approximately $718,000. Finally, Cascade Investment Advisors Inc. bought a new position in shares of Honeywell International during the fourth quarter worth approximately $1,843,000. Institutional investors own 78.32% of the company’s stock.

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

Shares of Honeywell International Inc. (NYSE:HON) opened at 134.63 on Friday. Honeywell International Inc. has a one year low of $105.25 and a one year high of $135.33. The company’s 50-day moving average price is $132.41 and its 200 day moving average price is $124.14. The company has a market cap of $102.63 billion, a PE ratio of 21.20 and a beta of 0.92. Honeywell International also was the target of some unusual options trading activity on Wednesday. Stock traders bought 1,503 put options on the stock. This is an increase of 1,056% compared to the average volume of 130 put options.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.04. Honeywell International had a net margin of 12.43% and a return on equity of 26.58%. The business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. Honeywell International’s revenue was down .3% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were issued a $0.665 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $2.66 annualized dividend and a yield of 1.98%. Honeywell International’s dividend payout ratio is currently 42.16%.

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HON has been the subject of a number of research reports. Jefferies Group LLC lifted their target price on Honeywell International from $133.00 to $141.00 and gave the company a “positive” rating in a research note on Tuesday, February 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $148.00 target price (up from $134.00) on shares of Honeywell International in a research note on Friday, March 3rd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Tuesday, March 14th. Credit Suisse Group reaffirmed a “hold” rating and set a $115.00 price target on shares of Honeywell International in a report on Tuesday, April 11th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 price target on shares of Honeywell International in a report on Tuesday, April 11th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $134.05.

In related news, CFO Thomas A. Szlosek sold 36,080 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $131.16, for a total value of $4,732,252.80. Following the transaction, the chief financial officer now directly owns 2,160 shares in the company, valued at $283,305.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David M. Cote sold 969,650 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $130.78, for a total transaction of $126,810,827.00. The disclosure for this sale can be found here. Insiders sold 1,253,667 shares of company stock worth $164,049,416 over the last 90 days. 1.56% of the stock is currently owned by company insiders.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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