Honeywell (NYSE:HON) Stake Lowered by Mason Street Advisors LLC

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Mason Street Advisors LLC reduced its position in Honeywell (NYSE:HON) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,752 shares of the conglomerate’s stock after selling 1,364 shares during the quarter. Mason Street Advisors LLC’s holdings in Honeywell were worth $15,138,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wagner Wealth Management LLC purchased a new position in Honeywell during the 4th quarter valued at $101,000. Welch Group LLC bought a new position in Honeywell in the 4th quarter worth about $100,000. Well Done LLC bought a new position in Honeywell in the 1st quarter worth about $103,000. Taylor Hoffman Wealth Management bought a new position in Honeywell in the 4th quarter worth about $113,000. Finally, Bruderman Asset Management LLC bought a new position in Honeywell in the 1st quarter worth about $114,000. Institutional investors and hedge funds own 74.43% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Honeywell from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Stifel Nicolaus increased their price objective on shares of Honeywell from $157.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 23rd. Barclays raised their price target on Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Monday, April 23rd. TheStreet upgraded Honeywell from a “c+” rating to an “a-” rating in a research note on Friday, April 20th. Finally, Oppenheimer cut their price target on Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, April 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $169.27.

Honeywell opened at $144.05 on Friday, according to MarketBeat Ratings. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. Honeywell has a 12-month low of $132.69 and a 12-month high of $165.13. The stock has a market cap of $106.91 billion, a P/E ratio of 20.26, a PEG ratio of 1.91 and a beta of 0.97.

Honeywell (NYSE:HON) last released its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 EPS. equities analysts forecast that Honeywell will post 8.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.07%. Honeywell’s payout ratio is 41.91%.

In other Honeywell news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $150.59, for a total transaction of $515,921.34. Following the completion of the transaction, the director now owns 43,773 shares of the company’s stock, valued at $6,591,776.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy O. Mahoney sold 114,489 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $150.20, for a total value of $17,196,247.80. Following the transaction, the insider now directly owns 314,725 shares of the company’s stock, valued at approximately $47,271,695. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Honeywell Company Profile

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.

Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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