Global X Management Co. LLC grew its stake in Honeywell International Inc. (NYSE:HON) by 20.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,890 shares of the conglomerate’s stock after acquiring an additional 1,670 shares during the quarter. Global X Management Co. LLC’s holdings in Honeywell International were worth $1,318,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hanson McClain Inc. increased its stake in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 3 shares during the last quarter. Guidant Wealth Advisors increased its stake in shares of Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares during the last quarter. Jolley Asset Management LLC increased its stake in shares of Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares during the last quarter. CKW Financial Group acquired a new stake in shares of Honeywell International in the 2nd quarter worth $108,000. Finally, MCF Advisors LLC increased its stake in shares of Honeywell International by 55.8% in the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 335 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.
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In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares in the company, valued at $2,268,477.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 over the last 90 days. 1.56% of the stock is currently owned by insiders.
Honeywell International Inc. (HON) opened at 143.19 on Friday. The firm has a 50-day moving average price of $139.67 and a 200 day moving average price of $134.23. The firm has a market capitalization of $108.91 billion, a P/E ratio of 22.20 and a beta of 0.95. Honeywell International Inc. has a 52-week low of $107.41 and a 52-week high of $145.30.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during 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 was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share. Analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. 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 2.08%. Honeywell International’s dividend payout ratio is currently 41.24%.
A number of analysts have issued reports on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Thursday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc started coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $149.52.
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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