Camden National Bank raised its position in Honeywell International Inc. (NYSE:HON) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,622 shares of the conglomerate’s stock after purchasing an additional 198 shares during the period. Camden National Bank’s holdings in Honeywell International were worth $1,121,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. SevenBridge Financial Group LLC increased its position in shares of Honeywell International by 0.5% during the second quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock worth $2,014,000 after acquiring an additional 60 shares in the last quarter. Claro Advisors LLC grew its position in Honeywell International by 0.8% in the second quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock valued at $1,361,000 after purchasing an additional 60 shares in the last quarter. Financial Advocates Investment Management grew its position in Honeywell International by 0.8% in the second quarter. Financial Advocates Investment Management now owns 7,309 shares of the conglomerate’s stock valued at $1,276,000 after purchasing an additional 60 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in Honeywell International by 1.4% in the second quarter. Ontario Teachers Pension Plan Board now owns 4,292 shares of the conglomerate’s stock valued at $749,000 after purchasing an additional 60 shares in the last quarter. Finally, Claraphi Advisory Network LLC grew its position in Honeywell International by 1.3% in the second quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after purchasing an additional 61 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.
HON stock traded up $2.56 during trading hours on Friday, reaching $163.53. The stock had a trading volume of 1,982,310 shares, compared to its average volume of 2,783,398. The stock has a market capitalization of $114.13 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The stock has a 50-day simple moving average of $165.05 and a 200 day simple moving average of $168.10. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $178.47.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 earnings per share. On average, sell-side analysts forecast that Honeywell International Inc. will post 8.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.20%. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.
A number of research firms recently weighed in on HON. Royal Bank of Canada set a $177.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Morgan Stanley decreased their target price on shares of Honeywell International from $188.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday. Cowen reaffirmed a “buy” rating and issued a $180.00 target price on shares of Honeywell International in a research report on Friday, August 2nd. Finally, Citigroup raised their target price on shares of Honeywell International from $189.00 to $197.00 and gave the company a “buy” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $184.09.
In other news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the sale, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now 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 quarter, insiders sold 25,133 shares of company stock valued at $4,141,655. Corporate insiders own 0.73% of the company’s stock.
Honeywell International 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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