Papp L Roy & Associates maintained its position in Honeywell International Inc. (NYSE:HON) during the second quarter, Holdings Channel reports. The fund owned 2,908 shares of the company’s stock at the end of the second quarter. Papp L Roy & Associates’ holdings in Honeywell International were worth $338,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Hyman Charles D purchased a new position in Honeywell International during the first quarter worth approximately $3,185,000. Northern Oak Wealth Management Inc. boosted its position in Honeywell International by 52.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 46,886 shares of the company’s stock worth $5,254,000 after buying an additional 16,144 shares in the last quarter. IFP Advisors Inc boosted its position in Honeywell International by 21.6% in the first quarter. IFP Advisors Inc now owns 24,740 shares of the company’s stock worth $2,772,000 after buying an additional 4,387 shares in the last quarter. Badgley Phelps & Bell Inc. boosted its position in Honeywell International by 3.2% in the first quarter. Badgley Phelps & Bell Inc. now owns 94,444 shares of the company’s stock worth $10,582,000 after buying an additional 2,967 shares in the last quarter. Finally, Virginia Retirement System purchased a new position in Honeywell International during the first quarter worth approximately $26,754,000. 76.50% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 7.50% during mid-day trading on Friday, hitting $106.94. 20,446,322 shares of the stock were exchanged. Honeywell International Inc. has a 52-week low of $93.71 and a 52-week high of $120.02. The company has a 50 day moving average price of $115.34 and a 200 day moving average price of $115.12. The firm has a market cap of $81.37 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ 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 earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. During the same quarter last year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post $6.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.
A number of equities analysts recently commented on the stock. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $113.00 price target on shares of Honeywell International in a research note on Thursday, August 25th. Morgan Stanley set a $130.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Monday, August 22nd. Citigroup Inc. reissued a “buy” rating and issued a $132.00 price objective on shares of Honeywell International in a research report on Thursday, June 30th. Finally, Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average target price of $122.64.
In other news, VP Jennifer H. Mak sold 277 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the completion of the transaction, the vice president now owns 420 shares of the company’s stock, valued at $48,526.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the completion of the transaction, the insider now directly owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by 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.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.