Portland Global Advisors LLC held its position in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,245 shares of the company’s stock at the end of the second quarter. Portland Global Advisors LLC’s holdings in Honeywell International were worth $494,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in Honeywell International by 1.0% in the first quarter. State Street Corp now owns 27,915,988 shares of the company’s stock worth $3,127,990,000 after buying an additional 264,413 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Honeywell International by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,359,376 shares of the company’s stock worth $2,281,268,000 after buying an additional 161,354 shares during the period. TIAA CREF Investment Management LLC boosted its position 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 worth $976,574,000 after buying an additional 332,057 shares during the period. Geode Capital Management LLC boosted its position in Honeywell International by 4.7% in the first quarter. Geode Capital Management LLC now owns 6,480,309 shares of the company’s stock worth $724,716,000 after buying an additional 293,075 shares during the period. Finally, Franklin Resources Inc. boosted its position in Honeywell International by 2.8% in the first quarter. Franklin Resources Inc. now owns 6,129,214 shares of the company’s stock worth $686,778,000 after buying an additional 167,918 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.34% during mid-day trading on Friday, reaching $116.59. 3,837,728 shares of the company’s stock were exchanged. The stock has a market cap of $88.71 billion, a price-to-earnings ratio of 18.44 and a beta of 1.07. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02. The stock has a 50-day moving average of $115.68 and a 200-day moving average of $115.01.
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, beating the Zacks’ consensus estimate of $1.64 by $0.02. The firm earned $9.78 billion during 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 revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company posted $1.51 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is presently 37.66%.
A number of research firms have commented on HON. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $113.00 price objective on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price 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 research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $122.41.
In other news, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $116.29, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now 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. 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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