Edge Asset Management Inc. boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 469,210 shares of the company’s stock after buying an additional 5,283 shares during the period. Edge Asset Management Inc. owned 0.06% of Honeywell International worth $54,579,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in HON. CHURCHILL MANAGEMENT Corp raised its stake in shares of Honeywell International by 31.5% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 67,089 shares of the company’s stock worth $7,517,000 after buying an additional 16,090 shares during the last quarter. RNC Capital Management LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $250,000. Acadian Asset Management LLC raised its stake in shares of Honeywell International by 395.4% in the first quarter. Acadian Asset Management LLC now owns 29,299 shares of the company’s stock valued at $3,284,000 after buying an additional 23,385 shares in the last quarter. Berkshire Asset Management LLC PA raised its stake in shares of Honeywell International by 4.6% in the first quarter. Berkshire Asset Management LLC PA now owns 100,525 shares of the company’s stock valued at $11,264,000 after buying an additional 4,376 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in shares of Honeywell International by 4.2% in the first quarter. Campbell Newman Asset Management Inc. now owns 169,951 shares of the company’s stock valued at $19,043,000 after buying an additional 6,887 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at 115.98 on Friday. The firm has a 50 day moving average of $115.65 and a 200 day moving average of $114.73. Honeywell International Inc. has a one year low of $91.57 and a one year high of $120.02. The stock has a market cap of $88.25 billion, a P/E ratio of 18.35 and a beta of 1.07.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. During the same quarter last year, the company earned $1.51 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International Inc. will post $6.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued 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 2.05%. Honeywell International’s dividend payout ratio (DPR) is presently 37.66%.
Several equities research analysts recently commented on HON shares. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reiterated a “buy” rating and set a $126.00 price target on shares of Honeywell International in a research note on Thursday, June 30th. Citigroup Inc. reiterated a “buy” rating and set a $132.00 price target on shares of Honeywell International in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $122.41.
In related news, CEO David M. Cote sold 534,505 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $116.15, for a total value of $62,082,755.75. Following the sale, the chief executive officer now owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 108,712 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the sale, the senior vice president now directly owns 224,530 shares in the company, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate 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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