US Bancorp DE decreased its stake in Honeywell International Inc. (NYSE:HON) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 750,440 shares of the conglomerate’s stock after selling 1,120 shares during the period. US Bancorp DE owned about 0.10% of Honeywell International worth $100,026,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares in the last quarter. Clearbridge Investments LLC boosted its position in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares during the period. Swiss National Bank boosted its position in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Honeywell International by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,343,756 shares of the conglomerate’s stock worth $292,665,000 after buying an additional 106,870 shares during the period. Finally, AGF Investments Inc. boosted its position in Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after buying an additional 105,943 shares during the period. Institutional investors own 76.43% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 1.13% during trading on Thursday, reaching $137.43. 1,025,149 shares of the company were exchanged. The firm has a market capitalization of $104.52 billion, a PE ratio of 21.31 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The company’s 50-day moving average is $135.77 and its 200 day moving average is $129.22.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the company posted $1.70 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. Honeywell International’s payout ratio is 41.24%.
A number of brokerages have issued reports on HON. Cowen and Company reaffirmed an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Tuesday. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. upped their target price on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $139.17.
In other news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the sale, the vice president now directly owns 3,141 shares of the company’s stock, valued at approximately $414,235.08. The disclosure for this sale can be found here. Insiders sold 473,229 shares of company stock valued at $64,546,642 in the last ninety days. 1.56% of the stock is owned by corporate insiders.
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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