First Dallas Securities Inc. boosted its stake in Honeywell International Inc. (NYSE:HON) by 69.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,850 shares of the company’s stock after buying an additional 2,400 shares during the period. First Dallas Securities Inc.’s holdings in Honeywell International were worth $680,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of HON. Sii Investments Inc. WI raised its stake in shares of Honeywell International by 21.2% in the first quarter. Sii Investments Inc. WI now owns 3,536 shares of the company’s stock valued at $393,000 after buying an additional 619 shares in the last quarter. Investment Centers of America Inc. raised its stake in Honeywell International by 10.5% in the first quarter. Investment Centers of America Inc. now owns 19,817 shares of the company’s stock worth $2,219,000 after buying an additional 1,891 shares during the period. Meristem LLP raised its stake in Honeywell International by 3.0% in the first quarter. Meristem LLP now owns 4,867 shares of the company’s stock worth $545,000 after buying an additional 140 shares during the period. Glenmede Trust Co. NA raised its stake in Honeywell International by 31.6% in the first quarter. Glenmede Trust Co. NA now owns 1,137,297 shares of the company’s stock worth $127,432,000 after buying an additional 273,000 shares during the period. Finally, Wade G W & Inc. raised its stake in Honeywell International by 12.0% in the first quarter. Wade G W & Inc. now owns 61,239 shares of the company’s stock worth $6,862,000 after buying an additional 6,571 shares during the period. 76.50% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.11% on Monday, reaching $116.05. The company’s stock had a trading volume of 2,481,259 shares. The firm has a 50 day moving average price of $115.68 and a 200-day moving average price of $115.13. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02. The stock has a market cap of $88.30 billion, a PE ratio of 18.36 and a beta of 1.05.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. Honeywell International’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.51 earnings per share. Equities research analysts expect that Honeywell International Inc. will post $6.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a yield of 2.05%. Honeywell International’s dividend payout ratio is currently 37.66%.
A number of analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Honeywell International from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 25th. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research note on Tuesday, July 26th. Barclays PLC increased their price objective on Honeywell International from $127.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, July 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Honeywell International has a consensus rating of “Buy” and an average target price of $122.41.
In other Honeywell International news, SVP Katherine L. Adams sold 108,712 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 224,530 shares in the company, valued at $26,074,668.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the transaction, the insider now owns 66,441 shares in the company, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
Honeywell International Company Profile
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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