Rogco LP bought a new stake in Honeywell International Inc. (NASDAQ:HON – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 2,498 shares of the conglomerate’s stock, valued at approximately $640,000.
Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Acadian Asset Management LLC increased its position in Honeywell International by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after purchasing an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in Honeywell International by 18.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after purchasing an additional 1,223 shares during the last quarter. Nebula Research & Development LLC lifted its holdings in Honeywell International by 3.1% in the 2nd quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock valued at $1,374,000 after purchasing an additional 176 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Honeywell International by 4.4% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate’s stock worth $1,045,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Stock Performance
Shares of NASDAQ:HON opened at $207.63 on Friday. The business has a 50-day moving average of $229.09 and a two-hundred day moving average of $228.19. The firm has a market capitalization of $65.81 billion, a PE ratio of 8.03, a P/E/G ratio of 3.45 and a beta of 0.87. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.21 and a quick ratio of 0.93. Honeywell International Inc. has a 12 month low of $196.59 and a 12 month high of $261.24.
Honeywell International Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Honeywell International’s dividend payout ratio is presently 36.80%.
Insider Activity at Honeywell International
In related news, CEO Kenneth West sold 17,032 shares of Honeywell International stock in a transaction on Monday, July 27th. The shares were sold at an average price of $243.77, for a total transaction of $4,151,890.64. Following the transaction, the chief executive officer owned 2,132 shares in the company, valued at approximately $519,717.64. The trade was a 88.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HON. Mizuho boosted their price objective on shares of Honeywell International from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. BMO Capital Markets lifted their price target on Honeywell International from $253.00 to $276.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $250.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Sanford C. Bernstein initiated coverage on shares of Honeywell International in a research report on Wednesday, June 10th. They issued a “market perform” rating and a $233.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Honeywell International from $258.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $254.04.
View Our Latest Report on Honeywell International
Honeywell International Company Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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