D L Carlson Investment Group Inc. increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,859 shares of the conglomerate’s stock after buying an additional 234 shares during the period. D L Carlson Investment Group Inc.’s holdings in Honeywell International were worth $1,047,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hanson McClain Inc. lifted its position in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Addison Capital Co lifted its position in Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares during the period. Keel Point LLC lifted its position in Honeywell International by 0.3% during the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 10 shares during the period. Hudock Capital Group LLC lifted its position in Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares during the period. Finally, CWM LLC lifted its position in Honeywell International by 1.9% during the 2nd quarter. CWM LLC now owns 1,045 shares of the conglomerate’s stock valued at $139,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 76.24% of the company’s stock.
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In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now directly 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 three months, insiders sold 20,242 shares of company stock valued at $2,889,943. 1.56% of the stock is currently owned by insiders.
A number of research analysts have issued reports on the stock. Cowen and Company restated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup Inc. upped their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Jefferies Group LLC restated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $150.79.
Honeywell International Inc. (NYSE HON) opened at $147.32 on Wednesday. The firm has a market cap of $111,774.63, a P/E ratio of 21.11, a PEG ratio of 2.25 and a beta of 0.97. Honeywell International Inc. has a 52 week low of $111.78 and a 52 week high of $147.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.60 EPS. equities research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 40.30%.
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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