Eads & Heald Investment Counsel reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 1.5% during the first quarter, Holdings Channel reports. The fund owned 13,134 shares of the conglomerate’s stock after selling 201 shares during the period. Eads & Heald Investment Counsel’s holdings in Honeywell International were worth $1,640,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the stock. Webster Bank N. A. increased its position in Honeywell International by 6.1% in the first quarter. Webster Bank N. A. now owns 9,436 shares of the conglomerate’s stock worth $1,178,000 after buying an additional 540 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Honeywell International by 5.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 918,802 shares of the conglomerate’s stock worth $114,731,000 after buying an additional 50,247 shares during the period. Winch Advisory Services LLC increased its position in Honeywell International by 51.1% in the first quarter. Winch Advisory Services LLC now owns 2,729 shares of the conglomerate’s stock worth $341,000 after buying an additional 923 shares during the period. Thompson Investment Management Inc. bought a new position in Honeywell International during the first quarter worth approximately $212,000. Finally, Blue Fin Capital Inc. increased its position in Honeywell International by 3.4% in the first quarter. Blue Fin Capital Inc. now owns 2,603 shares of the conglomerate’s stock worth $325,000 after buying an additional 85 shares during the period. 78.06% of the stock is owned by institutional investors.
Honeywell International Inc. (HON) opened at 134.26 on Tuesday. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $135.90. The stock has a 50 day moving average price of $132.66 and a 200 day moving average price of $124.62. The firm has a market cap of $102.35 billion, a P/E ratio of 21.14 and a beta of 0.92.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Wednesday, May 17th. Honeywell International’s dividend payout ratio (DPR) is 42.16%.
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A number of research firms recently commented on HON. Stifel Nicolaus boosted their price target on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. HSBC Holdings plc began coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $148.00 price target on shares of Honeywell International in a research note on Tuesday, April 25th. Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 price target on shares of Honeywell International in a research note on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $135.34.
In related news, VP Jennifer H. Mak sold 5,510 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the completion of the transaction, the vice president now directly owns 3,141 shares of the company’s stock, valued at $414,235.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David M. Cote sold 969,650 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $130.78, for a total value of $126,810,827.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,253,667 shares of company stock valued at $164,049,416. Corporate insiders own 1.56% of the company’s stock.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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