Cypress Capital Management LLC WY Holds Stake in Honeywell International Inc. (HON)

Cypress Capital Management LLC WY maintained its stake in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,507 shares of the conglomerate’s stock at the end of the second quarter. Cypress Capital Management LLC WY’s holdings in Honeywell International were worth $334,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Clearbridge Investments LLC raised its stake in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the period. 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. Finally, 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. Institutional investors and hedge funds own 76.49% of the company’s stock.

Shares of Honeywell International Inc. (HON) traded down 0.66% during trading on Friday, hitting $134.95. The stock had a trading volume of 2,977,551 shares. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21. The stock has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The stock has a 50 day moving average price of $136.42 and a 200-day moving average price of $130.09.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. On average, equities research analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors 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 yield of 1.97%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.

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Several brokerages have commented on HON. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Cowen and Company restated an “outperform” rating and set a $150.00 price objective (up from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Morgan Stanley boosted their price objective on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday. Finally, Credit Suisse Group restated a “neutral” rating and set a $139.00 price objective (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average target price of $139.64.

In related news, SVP Katherine L. Adams sold 116,021 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $131.70, for a total value of $15,279,965.70. Following the completion of the sale, the senior vice president now directly owns 286,199 shares of the company’s stock, valued at approximately $37,692,408.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders sold a total of 469,799 shares of company stock valued at $64,094,877 over the last ninety days. 1.56% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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