Capital Analysts LLC boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,343 shares of the conglomerate’s stock after buying an additional 1,360 shares during the period. Capital Analysts LLC’s holdings in Honeywell International were worth $2,915,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Honeywell International during the fourth quarter worth $97,371,000. 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. Diamond Hill Capital Management Inc. boosted its position 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 worth $113,628,000 after buying an additional 542,474 shares during the period. Karp Capital Management Corp purchased a new position in Honeywell International during the first quarter worth $61,656,000. Finally, Luminus Management LLC purchased a new position in Honeywell International during the fourth quarter worth $52,311,000. Institutional investors own 76.43% of the company’s stock.
Shares of Honeywell International Inc. (HON) opened at 136.59 on Friday. The stock has a 50 day moving average of $135.93 and a 200-day moving average of $129.42. The company has a market capitalization of $103.89 billion, a P/E ratio of 21.18 and a beta of 0.94. 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 earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
HON has been the topic of a number of analyst reports. Barclays PLC lifted their target price on shares of Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, April 25th. Morgan Stanley restated an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, June 28th. Finally, Citigroup Inc. lifted their target price on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $139.17.
In related news, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradley T. Sheares sold 3,430 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $131.71, for a total transaction of $451,765.30. Following the sale, the director now owns 8,731 shares of the company’s stock, valued at $1,149,960.01. The disclosure for this sale can be found here. Insiders sold 473,229 shares of company stock valued at $64,546,642 over the last quarter. Company 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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