Robeco Institutional Asset Management B.V. boosted its position in Honeywell International Inc. (NYSE:HON) by 100.0% during the second quarter, Holdings Channel reports. The firm owned 24,016 shares of the company’s stock after buying an additional 12,008 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Honeywell International were worth $2,742,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. American National Bank boosted its position 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 during the period. Ironwood Financial llc purchased a new position in Honeywell International during the first quarter worth approximately $122,000. Zions Bancorporation boosted its position 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 during the period. RPg Family Wealth Advisory LLC boosted its position 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 during the period. Finally, Bath Savings Trust Co purchased a new position in Honeywell International during the second quarter worth approximately $201,000. Institutional investors own 76.50% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 7.50% during midday trading on Friday, reaching $106.94. 20,446,322 shares of the company were exchanged. The stock has a market capitalization of $81.37 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $93.71 and a 52-week high of $120.02. The company’s 50-day moving average price is $115.34 and its 200 day moving average price is $115.12.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The company earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 EPS. On average, equities analysts predict that Honeywell International Inc. will post $6.68 earnings per share 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 $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 currently 37.66%.
A number of research firms have commented on HON. Morgan Stanley upped their price target on Honeywell International from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Monday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research report on Tuesday, July 26th. Barclays PLC upped their price objective on Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, July 25th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.64.
In other news, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $116.13, for a total value of $12,624,724.56. Following the completion of the sale, the senior vice president now owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer H. Mak sold 277 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the sale, the vice president now directly owns 420 shares of the company’s stock, valued at approximately $48,526.80. 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.
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