SOL Capital Management CO reduced its stake in Honeywell International Inc. (NYSE:HON) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,396 shares of the company’s stock after selling 286 shares during the period. SOL Capital Management CO’s holdings in Honeywell International were worth $1,442,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in HON. Stratos Wealth Partners LTD. increased its stake in Honeywell International by 10.6% in the first quarter. Stratos Wealth Partners LTD. now owns 21,367 shares of the company’s stock valued at $2,394,000 after buying an additional 2,044 shares during the last quarter. Teachers Advisors Inc. increased its stake in Honeywell International by 23.2% in the first quarter. Teachers Advisors Inc. now owns 1,791,364 shares of the company’s stock valued at $200,722,000 after buying an additional 336,816 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Honeywell International by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 8,715,518 shares of the company’s stock valued at $976,574,000 after buying an additional 332,057 shares during the last quarter. Ngam Advisors L.P. increased its stake in Honeywell International by 103.0% in the first quarter. Ngam Advisors L.P. now owns 399,459 shares of the company’s stock valued at $44,759,000 after buying an additional 202,666 shares during the last quarter. Finally, Cornerstone Financial Partners LLC acquired a new stake in Honeywell International during the first quarter valued at approximately $1,254,000. Institutional investors own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.68% during mid-day trading on Friday, reaching $109.00. The company had a trading volume of 5,297,887 shares. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02. The stock has a market capitalization of $82.94 billion, a price-to-earnings ratio of 17.24 and a beta of 1.05. The stock has a 50 day moving average of $114.25 and a 200 day moving average of $114.95.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. The firm 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 last year, the company earned $1.51 earnings per share. Analysts anticipate that Honeywell International Inc. will post $6.68 earnings per share for the current year.
Several equities research analysts recently commented on the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating and issued a $113.00 price objective on shares of Honeywell International in a report on Thursday, August 25th. Morgan Stanley set a $130.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Monday, August 22nd. Citigroup Inc. restated a “buy” rating and set a $132.00 price target on shares of Honeywell International in a research note on Thursday, June 30th. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $122.70.
In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 108,712 shares of the firm’s stock in a transaction dated 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 in the company, valued at $26,074,668.90. The disclosure for this sale can be found here. Corporate 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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