First Command Bank reduced its holdings in Honeywell International Inc. (NYSE:HON) by 47.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,972 shares of the conglomerate’s stock after selling 1,793 shares during the quarter. First Command Bank’s holdings in Honeywell International were worth $263,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in Honeywell International in the 1st quarter valued at approximately $100,000. Hanson McClain Inc. increased its position in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the period. MCF Advisors LLC increased its position in Honeywell International by 55.8% in the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 335 shares during the period. Proficio Capital Partners LLC increased its position in Honeywell International by 56.7% in the 1st quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 340 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in Honeywell International by 12.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded up 1.27% during trading on Friday, hitting $138.95. The company had a trading volume of 4,594,069 shares. The firm has a 50 day moving average of $137.53 and a 200 day moving average of $132.16. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The stock has a market cap of $105.68 billion, a PE ratio of 21.55 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. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. On average, analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 354,108 shares of company stock valued at $48,886,463. Corporate insiders own 1.56% of the company’s stock.
HON has been the topic of several analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $155.00 target price (up from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. 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. BidaskClub cut Honeywell International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, June 28th. Finally, HSBC Holdings plc initiated coverage on Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $141.24.
Honeywell International Company 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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