Private Wealth Partners LLC held its stake in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, Holdings Channel reports. The institutional investor owned 2,500 shares of the company’s stock at the end of the second quarter. Private Wealth Partners LLC’s holdings in Honeywell International were worth $291,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of HON. American National Bank boosted its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares in the last quarter. Ironwood Financial llc bought a new stake in Honeywell International during the first quarter worth approximately $122,000. Zions Bancorporation boosted its stake in Honeywell International by 14.6% in the first quarter. Zions Bancorporation now owns 1,332 shares of the company’s stock worth $152,000 after buying an additional 170 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its stake in Honeywell International by 1,062.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,395 shares of the company’s stock worth $156,000 after buying an additional 1,275 shares in the last quarter. Finally, Bath Savings Trust Co bought a new stake in Honeywell International during the second quarter worth approximately $201,000. 76.50% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 7.50% during trading on Friday, reaching $106.94. The company’s stock had a trading volume of 20,446,322 shares. The firm has a market capitalization of $81.37 billion, a P/E ratio of 16.92 and a beta of 1.05. The stock has a 50-day moving average of $115.35 and a 200 day moving average of $115.10. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The business 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%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. On average, equities research analysts predict that Honeywell International Inc. will post $6.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were paid a dividend of $0.595 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 annualized dividend and a yield of 2.23%. Honeywell International’s payout ratio is presently 37.66%.
A number of equities research analysts have recently commented on the company. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Barclays PLC increased their target price on Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. Stifel Nicolaus cut their target price on Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 target price on shares of Honeywell International in a research note on Monday, July 25th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $122.64.
In other news, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was 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 in the company, valued at $81,305,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the sale, the insider now owns 68,398 shares in the company, valued at approximately $7,954,003.42. 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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