Van Cleef Asset Management Inc lessened its holdings in Honeywell International Inc. (NYSE:HON) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,968 shares of the conglomerate’s stock after selling 218 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Honeywell International were worth $693,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in HON. Thoroughbred Financial Services LLC boosted its position in shares of Honeywell International by 18,092.3% in the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares during the period. Janus Henderson Group PLC boosted its position in shares of Honeywell International by 131.0% in the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock valued at $495,664,000 after acquiring an additional 1,610,006 shares during the period. Clearbridge Investments LLC boosted its position in shares of Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock valued at $1,099,530,000 after acquiring an additional 544,684 shares during the period. Geode Capital Management LLC boosted its position in shares of Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after acquiring an additional 478,988 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Honeywell International by 92.3% in the second quarter. First Trust Advisors LP now owns 673,045 shares of the conglomerate’s stock valued at $117,507,000 after acquiring an additional 323,065 shares during the period. 75.85% of the stock is owned by institutional investors.
HON stock traded down $0.29 during midday trading on Friday, reaching $168.34. The company had a trading volume of 122,711 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. The stock has a 50 day moving average price of $166.48 and a 200-day moving average price of $166.55. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $178.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 32.02% and a net margin of 18.17%. Honeywell International’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, August 15th. Honeywell International’s payout ratio is 40.95%.
A number of equities research analysts have recently issued reports on HON shares. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research report on Monday, July 22nd. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group boosted their price target on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Morgan Stanley boosted their price target on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $183.58.
In other Honeywell International news, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the transaction, the chief executive officer now owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Darius Adamczyk sold 7,149 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,133 shares of company stock valued at $4,141,655. Insiders own 0.73% of the company’s stock.
About Honeywell International
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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