US Bancorp DE reduced its holdings in Honeywell International Inc. (NYSE:HON) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 761,664 shares of the conglomerate’s stock after selling 16,987 shares during the period. US Bancorp DE owned approximately 0.11% of Honeywell International worth $132,980,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in Honeywell International by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 9,629,620 shares of the conglomerate’s stock worth $1,681,236,000 after purchasing an additional 81,005 shares during the period. Geode Capital Management LLC raised its holdings in Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares during the period. Northern Trust Corp raised its holdings in Honeywell International by 1.1% in the second quarter. Northern Trust Corp now owns 8,808,020 shares of the conglomerate’s stock worth $1,537,793,000 after purchasing an additional 94,489 shares during the period. Clearbridge Investments LLC raised its holdings in Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after purchasing an additional 544,684 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Honeywell International by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,189,502 shares of the conglomerate’s stock worth $556,856,000 after purchasing an additional 73,316 shares during the period. Institutional investors and hedge funds own 75.85% of the company’s stock.
In related news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,133 shares of company stock valued at $4,141,655. 0.73% of the stock is owned by insiders.
A number of equities research analysts recently commented on HON shares. Morgan Stanley raised their price objective on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Cowen restated a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a report on Friday, August 2nd. Barclays raised their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. ValuEngine lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $183.58.
Honeywell International stock traded down $0.48 during mid-day trading on Friday, reaching $168.15. The company’s stock had a trading volume of 1,419,341 shares, compared to its average volume of 2,835,260. The company has a market capitalization of $122.04 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $178.47. The business’s 50 day simple moving average is $166.48 and its 200 day simple moving average is $166.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.12 earnings per share. As a group, sell-side analysts expect that Honeywell International Inc. will post 8.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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