Seaward Management Limited Partnership raised its position in shares of Honeywell International Inc. (NYSE:HON) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,341 shares of the conglomerate’s stock after purchasing an additional 257 shares during the quarter. Seaward Management Limited Partnership’s holdings in Honeywell International were worth $3,510,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors increased its stake in Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Jolley Asset Management LLC increased its stake in Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after purchasing an additional 50 shares in the last quarter. CKW Financial Group bought a new stake in Honeywell International during the 2nd quarter valued at about $108,000. Hanson McClain Inc. increased its stake in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its stake in Honeywell International by 48.4% during the 2nd quarter. Enterprise Financial Services Corp now owns 923 shares of the conglomerate’s stock valued at $123,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
A number of analysts have weighed in on the stock. 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 note on Tuesday, August 8th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Robert W. Baird reiterated a “buy” rating and issued a $156.00 price target (up from $140.00) on shares of Honeywell International in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Tuesday, August 22nd. Finally, Argus lifted their price target on shares of Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $149.52.
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Honeywell International Inc. (HON) opened at 143.19 on Friday. The stock has a 50 day moving average of $139.67 and a 200 day moving average of $134.23. Honeywell International Inc. has a 12-month low of $107.41 and a 12-month high of $145.30. The stock has a market cap of $108.91 billion, a P/E ratio of 22.20 and a beta of 0.95.
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. 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%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 2.08%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas A. Szlosek sold 803 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.02, for a total value of $110,027.06. Following the completion of the sale, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at $781,288.04. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 in the last 90 days. 1.56% of the stock is currently owned by insiders.
Honeywell International 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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