Bernardo Wealth Planning LLC raised its position in Honeywell International Inc. (NYSE:HON) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,469 shares of the conglomerate’s stock after acquiring an additional 90 shares during the period. Bernardo Wealth Planning LLC’s holdings in Honeywell International were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Neville Rodie & Shaw Inc. increased its stake in shares of Honeywell International by 3.9% in the second quarter. Neville Rodie & Shaw Inc. now owns 62,618 shares of the conglomerate’s stock valued at $10,932,000 after buying an additional 2,350 shares during the period. Bath Savings Trust Co boosted its position in shares of Honeywell International by 30.0% during the 2nd quarter. Bath Savings Trust Co now owns 20,574 shares of the conglomerate’s stock valued at $3,592,000 after purchasing an additional 4,745 shares in the last quarter. Cox Capital Mgt LLC boosted its position in shares of Honeywell International by 1.5% during the 2nd quarter. Cox Capital Mgt LLC now owns 12,174 shares of the conglomerate’s stock valued at $2,125,000 after purchasing an additional 182 shares in the last quarter. Thomasville National Bank boosted its position in shares of Honeywell International by 3.4% during the 2nd quarter. Thomasville National Bank now owns 6,263 shares of the conglomerate’s stock valued at $1,093,000 after purchasing an additional 207 shares in the last quarter. Finally, Rockland Trust Co. boosted its position in shares of Honeywell International by 10.5% during the 2nd quarter. Rockland Trust Co. now owns 2,338 shares of the conglomerate’s stock valued at $408,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 76.46% of the company’s stock.
Several brokerages recently commented on HON. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Barclays upped their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Credit Suisse Group upped their target price on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group upped their target price on Honeywell International from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $185.80.
Shares of NYSE:HON opened at $180.81 on Thursday. The business’s 50 day simple moving average is $168.03 and its two-hundred day simple moving average is $169.43. The firm has a market cap of $125.84 billion, a P/E ratio of 22.57, a PEG ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $181.83.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.07. The business had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 earnings per share. On average, equities analysts forecast that Honeywell International Inc. will post 8.14 earnings per share 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 issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 1.99%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s dividend payout ratio is presently 40.95%.
In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the stock in a transaction that occurred on 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 owns 75,521 shares in the company, valued at $12,467,006.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now owns 7,103 shares in the company, 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 worth $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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