Legacy Advisors LLC grew its stake in Honeywell International Inc. (NYSE:HON) by 1,382.3% during the third quarter, HoldingsChannel reports. The firm owned 3,098 shares of the conglomerate’s stock after buying an additional 2,889 shares during the quarter. Legacy Advisors LLC’s holdings in Honeywell International were worth $516,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. CX Institutional acquired a new stake in Honeywell International during the 2nd quarter worth approximately $100,000. Jolley Asset Management LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $104,000. Fort L.P. acquired a new stake in Honeywell International during the 2nd quarter worth approximately $118,000. McKinley Carter Wealth Services Inc. acquired a new stake in Honeywell International during the 1st quarter worth approximately $125,000. Finally, Kiley Juergens Wealth Management LLC acquired a new stake in Honeywell International during the 2nd quarter worth approximately $125,000. Institutional investors own 74.75% of the company’s stock.
Several equities research analysts recently commented on the stock. Cowen reiterated a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research report on Friday. Credit Suisse Group assumed coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “neutral” rating and a $170.00 target price on the stock. Gordon Haskett assumed coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “buy” rating on the stock. Citigroup set a $194.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Tuesday, October 9th. Finally, HSBC downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a research report on Tuesday, October 2nd. Three investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $174.79.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The firm had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the business earned $1.75 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.28 annualized dividend and a dividend yield of 2.14%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is currently 41.91%.
In other news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction on Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the completion of the sale, the insider now owns 16,131 shares in the company, valued at approximately $2,568,861.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the sale, the director now owns 11,787 shares of the company’s stock, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Honeywell International 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.
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