OLD Point Trust & Financial Services N A lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,925 shares of the conglomerate’s stock after selling 150 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Honeywell International were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in HON. Clearbridge Investments LLC increased its stake in shares of Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after purchasing an additional 2,114,627 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Honeywell International by 8.8% during the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after purchasing an additional 773,734 shares in the last quarter. Swiss National Bank increased its stake in shares of Honeywell International by 27.4% during the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after purchasing an additional 552,100 shares in the last quarter. CIBC World Markets Inc. increased its stake in shares of Honeywell International by 3,023.8% during the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock worth $70,126,000 after purchasing an additional 543,617 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Honeywell International by 147.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock worth $113,628,000 after purchasing an additional 542,474 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (HON) opened at 138.68 on Wednesday. The firm has a market capitalization of $105.48 billion, a price-to-earnings ratio of 21.50 and a beta of 0.94. The firm has a 50-day moving average of $137.46 and a 200 day moving average of $131.88. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a dividend of $0.665 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
In other news, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,108 shares of company stock valued at $48,886,463. Insiders own 1.56% of the company’s stock.
HON has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Thursday, July 20th. BidaskClub lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. Royal Bank Of Canada boosted their price target on shares of Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $141.00 price target (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $141.18.
Honeywell International Profile
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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