Crossvault Capital Management LLC lowered its stake in Honeywell International Inc. (NYSE:HON) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,097 shares of the company’s stock after selling 125 shares during the period. Honeywell International accounts for about 3.2% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Crossvault Capital Management LLC’s holdings in Honeywell International were worth $4,548,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Capstone Asset Management Co. raised its position in Honeywell International by 5.8% in the second quarter. Capstone Asset Management Co. now owns 129,863 shares of the company’s stock valued at $15,106,000 after buying an additional 7,168 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Honeywell International by 7.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 145,296 shares of the company’s stock valued at $16,901,000 after buying an additional 9,517 shares during the last quarter. National Pension Service raised its position in Honeywell International by 4.2% in the first quarter. National Pension Service now owns 383,695 shares of the company’s stock valued at $42,993,000 after buying an additional 15,529 shares during the last quarter. LPL Financial LLC raised its position in Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock valued at $46,510,000 after buying an additional 143,685 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in Honeywell International by 31.6% in the first quarter. Panagora Asset Management Inc. now owns 317,482 shares of the company’s stock valued at $35,574,000 after buying an additional 76,249 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 7.50% during midday trading on Friday, reaching $106.94. The company had a trading volume of 20,446,322 shares. The firm has a market capitalization of $81.37 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05. The company has a 50 day moving average of $115.35 and a 200 day moving average of $115.10. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 earnings per share. Analysts anticipate that Honeywell International Inc. will post $6.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a $0.595 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio is currently 37.66%.
HON has been the subject of several analyst reports. Morgan Stanley restated a “buy” rating and set a $127.00 price target on shares of Honeywell International in a report on Tuesday, September 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a $113.00 price objective on shares of Honeywell International in a research report on Thursday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Honeywell International in a research report on Wednesday, July 6th. Argus raised their price objective on shares of Honeywell International from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus reduced their price objective on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $122.64.
In other news, SVP Katherine L. Adams sold 108,712 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total value of $12,624,724.56. Following the sale, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Darius Adamczyk sold 13,985 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $116.18, for a total value of $1,624,777.30. Following the completion of the sale, the chief operating officer now directly owns 14,266 shares in the company, valued at $1,657,423.88. The disclosure for this sale can be found here. 1.83% of the stock is owned by insiders.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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