Whittier Trust Co. boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,889 shares of the conglomerate’s stock after buying an additional 3,891 shares during the period. Honeywell International accounts for approximately 0.9% of Whittier Trust Co.’s portfolio, making the stock its 25th largest position. Whittier Trust Co.’s holdings in Honeywell International were worth $23,977,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC purchased a new position in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. raised its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. raised its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Jolley Asset Management LLC raised its position in 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 buying an additional 50 shares in the last quarter. Finally, MCF Advisors LLC raised its position in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.
Honeywell International Inc. (HON) traded down 1.12% during midday trading on Thursday, reaching $137.44. 1,025,517 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $135.77 and a 200 day moving average price of $129.22. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21. The company has a market cap of $104.53 billion, a P/E ratio of 21.31 and a beta of 0.94.
Honeywell International (NYSE:HON) last released its 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 for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post $7.10 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
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HON has been the topic of a number of recent analyst reports. HSBC Holdings plc initiated coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Honeywell International in a research report on Friday, May 26th. Jefferies Group LLC reissued a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a research report on Wednesday, May 17th. Cowen and Company reissued a “buy” rating on shares of Honeywell International in a research report on Monday, April 24th. Finally, Stifel Nicolaus lifted their price target on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $139.17.
In other news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bradley T. Sheares sold 3,430 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the sale, the director now directly owns 8,731 shares in the company, valued at $1,149,960.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 473,229 shares of company stock worth $64,546,642. 1.56% of the stock is currently owned by 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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