Coconut Grove Bank cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 27.5% during the first quarter, Holdings Channel reports. The fund owned 5,624 shares of the conglomerate’s stock after selling 2,130 shares during the period. Coconut Grove Bank’s holdings in Honeywell International were worth $702,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. Crestwood Advisors Group LLC acquired a new position in shares of Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. raised its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at about $114,000. Sowell Financial Services LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at about $156,000. Finally, Elgethun Capital Management acquired a new position in shares of Honeywell International during the fourth quarter valued at about $168,000. Institutional investors own 78.06% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 135.84 on Tuesday. Honeywell International Inc. has a one year low of $105.25 and a one year high of $135.90. The firm’s 50-day moving average price is $132.54 and its 200 day moving average price is $124.45. The firm has a market capitalization of $103.56 billion, a P/E ratio of 21.39 and a beta of 0.92.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The firm had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.33 billion. During the same period last year, the firm earned $1.56 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were paid a dividend of $0.665 per share. The ex-dividend date was Wednesday, May 17th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) is currently 42.16%.
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Several brokerages have recently issued reports on HON. Stifel Nicolaus lifted 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. Oppenheimer Holdings, Inc. reiterated 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 reiterated a “hold” rating and issued a $122.00 price target on shares of Honeywell International in a research note on Friday, April 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. Finally, Cowen and Company reiterated a “buy” rating on shares of Honeywell International in a research note on Monday, April 24th. Two equities 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 a consensus target price of $134.05.
In other news, CFO Thomas A. Szlosek sold 36,080 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the transaction, the chief financial officer now directly owns 2,160 shares of the company’s stock, valued at $283,305.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark R. James sold 116,441 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total value of $15,192,057.27. Following the transaction, the senior vice president now directly owns 240,826 shares in the company, valued at $31,420,568.22. The disclosure for this sale can be found here. Insiders have sold 1,253,667 shares of company stock worth $164,049,416 over the last ninety days. 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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