Huber Financial Advisors LLC acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, HoldingsChannel reports. The fund acquired 1,160 shares of the conglomerate’s stock, valued at approximately $203,000.
A number of other institutional investors also recently modified their holdings of the business. Lenox Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Cordasco Financial Network bought a new stake in shares of Honeywell International during the 1st quarter valued at $25,000. Mcmillion Capital Management Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at $31,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at $29,000. Finally, Canton Hathaway LLC boosted its holdings in shares of Honeywell International by 289.1% during the 1st quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock valued at $34,000 after buying an additional 159 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International stock traded up $1.04 during mid-day trading on Monday, reaching $166.07. The stock had a trading volume of 633,809 shares, compared to its average volume of 2,324,565. The company has a market capitalization of $119.81 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.16 and a beta of 1.09. The company has a 50-day moving average price of $172.02 and a two-hundred day moving average price of $164.87. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is 40.95%.
A number of analysts have recently commented on the stock. Deutsche Bank boosted their target price on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a report on Monday, July 22nd. Credit Suisse Group upped their price target on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Citigroup set a $197.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $184.08.
In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the transaction, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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