Schwab Charles Investment Management Inc. increased its stake in Honeywell International Inc. (NYSE:HON) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,343,756 shares of the conglomerate’s stock after buying an additional 106,870 shares during the period. Schwab Charles Investment Management Inc. owned 0.31% of Honeywell International worth $292,665,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HON. Ameriprise Financial Inc. raised its stake in 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 during the period. Swiss National Bank raised its stake in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the period. CIBC World Markets Inc. raised its stake in Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after buying an additional 543,617 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock valued at $113,628,000 after buying an additional 542,474 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Honeywell International during the first quarter valued at approximately $61,656,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE HON) traded down 0.02% during trading on Friday, hitting $137.21. The stock had a trading volume of 472,793 shares. The firm has a market cap of $104.36 billion, a P/E ratio of 21.28 and a beta of 0.94. The stock’s 50 day moving average price is $135.86 and its 200 day moving average price is $129.28. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the company posted $1.70 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.
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HON has been the topic of several analyst reports. Barclays PLC raised their target price on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 target price (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Wednesday, June 28th. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, Citigroup Inc. raised their target price on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $139.17.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the transaction, the insider now owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The sale was disclosed in a filing with the SEC, which is available at 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 transaction, the director now directly owns 8,731 shares in the company, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 473,229 shares of company stock worth $64,546,642. Corporate insiders own 1.56% of the company’s stock.
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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