Confluence Wealth Management LLC Has $1,126,000 Holdings in Honeywell International Inc. (HON)

Confluence Wealth Management LLC continued to hold its stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,015 shares of the conglomerate’s stock at the end of the 2nd quarter. Confluence Wealth Management LLC’s holdings in Honeywell International were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HON. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 38.9% during the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Honeywell International by 13,551.7% during the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Honeywell International by 2.5% during the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Shares of Honeywell International Inc. (NYSE HON) traded down $0.06 during trading on Thursday, reaching $153.00. The company had a trading volume of 2,896,500 shares, compared to its average volume of 2,712,940. The stock has a market cap of $116,604.59, a P/E ratio of 22.02, a P/E/G ratio of 2.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 1 year low of $112.81 and a 1 year high of $156.70.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the firm posted $1.60 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 45.15%.

Several brokerages have recently commented on HON. Cowen reaffirmed a “buy” rating and set a $150.00 target price on shares of Honeywell International in a report on Tuesday, October 10th. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Citigroup upped their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $154.00.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/07/confluence-wealth-management-llc-has-1126000-holdings-in-honeywell-international-inc-hon.html.

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.

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).

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

What are top analysts saying about Honeywell International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Honeywell International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit