Principal Financial Group Inc. boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334,644 shares of the company’s stock after buying an additional 173,439 shares during the period. Principal Financial Group Inc. owned approximately 0.18% of Honeywell International worth $155,246,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Kanaly Trust Co increased its stake in shares of Honeywell International by 0.8% in the second quarter. Kanaly Trust Co now owns 1,823 shares of the company’s stock valued at $212,000 after buying an additional 14 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Honeywell International by 0.5% in the second quarter. Hudock Capital Group LLC now owns 4,481 shares of the company’s stock valued at $521,000 after buying an additional 22 shares in the last quarter. Arvest Bank Trust Division increased its stake in shares of Honeywell International by 0.7% in the first quarter. Arvest Bank Trust Division now owns 3,402 shares of the company’s stock valued at $381,000 after buying an additional 25 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Honeywell International by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 4,570 shares of the company’s stock valued at $532,000 after buying an additional 27 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Honeywell International by 1.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 2,967 shares of the company’s stock valued at $345,000 after buying an additional 28 shares in the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.
Honeywell International Inc. (NYSE:HON) traded up 0.23% during trading on Wednesday, hitting $116.48. The stock had a trading volume of 521,570 shares. The company has a 50 day moving average of $115.65 and a 200-day moving average of $114.93. Honeywell International Inc. has a 12-month low of $93.01 and a 12-month high of $120.02. The company has a market cap of $88.63 billion, a P/E ratio of 18.43 and a beta of 1.07.
Honeywell International (NYSE:HON) last announced its 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post $6.67 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 given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s dividend payout ratio (DPR) is presently 37.66%.
Several brokerages recently weighed in on HON. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Barclays PLC increased their price target on Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. Stifel Nicolaus cut their price objective on Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Citigroup Inc. reiterated a “buy” rating and issued a $132.00 price objective on shares of Honeywell International in a research report on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $128.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $122.41.
In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now directly owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The transaction was disclosed in a legal filing 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 on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the transaction, the insider now directly owns 68,398 shares in the company, valued at $7,954,003.42. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
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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