Stockman Wealth Management Inc. lowered its position in Honeywell International Inc. (NYSE:HON) by 82.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,696 shares of the conglomerate’s stock after selling 17,872 shares during the period. Stockman Wealth Management Inc.’s holdings in Honeywell International were worth $493,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares during the period. Mosaic Family Wealth LLC grew its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares during the period. Guidant Wealth Advisors grew its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the period. Jolley Asset Management LLC grew its holdings in shares of Honeywell International by 6.9% in the second 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. Finally, CKW Financial Group bought a new stake in shares of Honeywell International in the second quarter worth $108,000. 76.24% of the stock is owned by institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) opened at $147.32 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market capitalization of $111,774.63, a PE ratio of 21.11, a P/E/G ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 52-week low of $111.78 and a 52-week high of $147.60.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 earnings per share. analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is currently 40.30%.
In related news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Insiders sold 20,242 shares of company stock worth $2,889,943 over the last quarter. 1.56% of the stock is owned by company insiders.
HON has been the subject of several research analyst reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a report on Thursday, July 20th. Deutsche Bank AG reissued a “buy” rating and set a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Citigroup Inc. boosted their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Royal Bank Of Canada boosted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $155.00 price target (up previously from $141.00) on shares of Honeywell International in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $150.79.
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Honeywell International Company 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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