Sumitomo Mitsui Asset Management Company LTD decreased its position in Honeywell International Inc. (NYSE:HON) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,618 shares of the conglomerate’s stock after selling 3,351 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Honeywell International were worth $7,679,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new position in Honeywell International during the first quarter worth about $100,000. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. Jolley Asset Management LLC raised its position in shares of Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 50 shares during the period. MCF Advisors LLC raised its position in shares of Honeywell International by 55.8% during the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 335 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Honeywell International by 56.7% during the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock worth $124,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
A number of equities research analysts recently issued reports on HON shares. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. lifted their target price on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated a “neutral” rating and set a $139.00 target price (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $141.00 target price (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $141.18.
Shares of Honeywell International Inc. (NYSE HON) opened at 138.68 on Wednesday. The stock’s 50 day moving average price is $137.46 and its 200-day moving average price is $131.88. 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 $105.48 billion, a P/E ratio of 21.50 and a beta of 0.94.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the business posted $1.70 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s payout ratio is currently 41.24%.
In other news, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 over the last ninety days. Corporate insiders own 1.56% of the company’s stock.
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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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