Capital Analysts LLC increased its position in Honeywell International Inc. (NYSE:HON) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 also recently bought and sold shares of HON. Crestwood Advisors Group LLC bought a new stake in Honeywell International during the first quarter worth about $100,000. Peoples Financial Services CORP. increased its stake 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. MCF Advisors LLC increased its stake 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. Sowell Financial Services LLC bought a new stake in Honeywell International during the fourth quarter worth about $156,000. Finally, Sfmg LLC bought a new stake in Honeywell International during the first quarter worth about $200,000. 76.49% of the stock is owned by institutional investors.
Shares of Honeywell International Inc. (HON) traded down 0.66% during trading on Friday, hitting $134.95. 2,977,551 shares of the company traded hands. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21. The company has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The company 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 for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the business posted $1.70 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s payout ratio is 41.24%.
A number of analysts have recently issued reports on HON shares. Stifel Nicolaus lifted their price objective on shares of Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Citigroup Inc. lifted their price objective on shares of Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. HSBC Holdings plc started coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Honeywell International in a research note on Friday, May 26th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Honeywell International has an average rating of “Buy” and an average price target of $139.64.
In related news, VP Jennifer H. Mak sold 420 shares of Honeywell International 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 in the company, valued at approximately $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer H. Mak sold 5,510 shares of Honeywell International stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total transaction of $726,658.80. Following the sale, the vice president now 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 have sold a total of 469,799 shares of company stock valued at $64,094,877 in the last quarter. 1.56% of the stock is currently owned by company 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.
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