Dowling & Yahnke LLC lowered its stake in Honeywell International Inc. (NYSE:HON) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,996 shares of the conglomerate’s stock after selling 767 shares during the period. Dowling & Yahnke LLC’s holdings in Honeywell International were worth $6,797,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Hanson McClain Inc. boosted its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Addison Capital Co boosted its position in Honeywell International by 0.3% in the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after buying an additional 7 shares in the last quarter. Keel Point LLC boosted its position in Honeywell International by 0.3% in the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after buying an additional 10 shares in the last quarter. Point View Wealth Management Inc. boosted its position in Honeywell International by 1.0% in the first quarter. Point View Wealth Management Inc. now owns 1,871 shares of the conglomerate’s stock valued at $234,000 after buying an additional 19 shares in the last quarter. Finally, CWM LLC boosted its position in Honeywell International by 1.9% in the second quarter. CWM LLC now owns 1,045 shares of the conglomerate’s stock valued at $139,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.
In other Honeywell International news, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the sale, the chief financial officer now owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jennifer H. Mak sold 420 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock valued at $48,886,463 in the last three months. 1.56% of the stock is currently owned by corporate insiders.
HON has been the topic of a number of research analyst reports. BidaskClub lowered shares of Honeywell International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Cowen and Company restated a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada raised their target price on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $149.52.
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Honeywell International Inc. (HON) opened at 145.35 on Friday. Honeywell International Inc. has a 52 week low of $108.01 and a 52 week high of $145.96. The company has a market cap of $110.55 billion, a P/E ratio of 22.54 and a beta of 0.95. The company’s 50-day moving average is $140.77 and its 200-day moving average is $135.04.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.01. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 EPS. On average, analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current fiscal 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 given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 2.05%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 41.24%.
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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