Armbruster Capital Management Inc. grew its position in Honeywell International Inc. (NYSE:HON) by 22.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,022 shares of the conglomerate’s stock after acquiring an additional 188 shares during the quarter. Armbruster Capital Management Inc.’s holdings in Honeywell International were worth $136,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Hanson McClain Inc. lifted its position in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 3 shares during the period. Jolley Asset Management LLC lifted its position in shares of Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares during the period. CKW Financial Group bought a new stake in shares of Honeywell International in the 2nd quarter worth approximately $108,000. MCF Advisors LLC lifted its position in shares of Honeywell International by 55.8% in the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 335 shares during the period. Finally, Enterprise Financial Services Corp lifted its position in shares of Honeywell International by 48.4% in the 2nd quarter. Enterprise Financial Services Corp now owns 923 shares of the conglomerate’s stock worth $123,000 after acquiring an additional 301 shares during the period. Institutional investors own 75.77% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at 142.72 on Thursday. Honeywell International Inc. has a 1-year low of $106.55 and a 1-year high of $145.30. The stock has a 50 day moving average price of $139.47 and a 200 day moving average price of $134.16. The firm has a market capitalization of $108.55 billion, a PE ratio of 22.13 and a beta of 0.95.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.02. The company 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 revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.09%. Honeywell International’s dividend payout ratio is 41.24%.
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In other news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares in the company, valued at $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 1,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.24, for a total transaction of $137,240.00. Following the transaction, the senior vice president now owns 180,211 shares of the company’s stock, valued at $24,732,157.64. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 over the last quarter. Company insiders own 1.56% of the company’s stock.
HON has been the subject of a number of research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research report on Thursday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. HSBC Holdings plc assumed coverage on Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $147.85.
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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