Raymond James Trust N.A. raised its stake in Honeywell International Inc. (NYSE:HON) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,837 shares of the conglomerate’s stock after buying an additional 435 shares during the period. Raymond James Trust N.A.’s holdings in Honeywell International were worth $8,595,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Eagle Capital Management LLC purchased a new position in Honeywell International during the first quarter valued at $2,686,000. Indiana Trust & Investment Management CO boosted its position in Honeywell International by 9.2% in the first quarter. Indiana Trust & Investment Management CO now owns 2,375 shares of the conglomerate’s stock valued at $297,000 after buying an additional 200 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in Honeywell International by 4.7% in the first quarter. Cardinal Capital Management Inc. now owns 116,053 shares of the conglomerate’s stock valued at $14,492,000 after buying an additional 5,170 shares in the last quarter. Trust Co boosted its position in Honeywell International by 0.3% in the fourth quarter. Trust Co now owns 51,636 shares of the conglomerate’s stock valued at $5,982,000 after buying an additional 137 shares in the last quarter. Finally, Independence Advisors LLC boosted its position in Honeywell International by 3.5% in the first quarter. Independence Advisors LLC now owns 1,945 shares of the conglomerate’s stock valued at $243,000 after buying an additional 65 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded down 0.87% during trading on Wednesday, reaching $130.20. The company’s stock had a trading volume of 2,525,813 shares. The stock’s 50 day moving average is $127.54 and its 200 day moving average is $120.88. The company has a market cap of $99.26 billion, a price-to-earnings ratio of 20.50 and a beta of 0.94. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $135.00. Honeywell International also was the recipient of unusually large options trading activity on Tuesday. Investors acquired 19,829 call options on the stock. This is an increase of approximately 612% compared to the typical volume of 2,785 call options.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The firm had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be given a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.66 annualized dividend and a dividend yield of 2.01%. Honeywell International’s payout ratio is presently 43.39%.
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HON has been the subject of several recent research reports. Morgan Stanley increased their price target on Honeywell International from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, January 30th. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Jefferies Group LLC increased their price target on Honeywell International from $133.00 to $141.00 and gave the company a “positive” rating in a research report on Tuesday, February 21st. Credit Suisse Group AG increased their price target on Honeywell International from $112.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, January 30th. Finally, Robert W. Baird reissued an “outperform” rating and set a $132.00 price target on shares of Honeywell International in a research report on Friday, January 20th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average target price of $134.05.
In related news, Director D Scott Davis sold 6,535 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $130.97, for a total transaction of $855,888.95. Following the completion of the transaction, the director now owns 21,433 shares in the company, valued at approximately $2,807,080.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas A. Szlosek sold 36,080 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the transaction, the chief financial officer now owns 2,160 shares of the company’s stock, valued at approximately $283,305.60. The disclosure for this sale can be found here. Insiders sold a total of 1,128,706 shares of company stock valued at $147,591,026 in the last ninety days. Corporate insiders own 1.83% of the company’s stock.
About Honeywell International
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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