HL Financial Services LLC reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 82,640 shares of the company’s stock after selling 678 shares during the period. HL Financial Services LLC’s holdings in Honeywell International were worth $9,613,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. RS Investment Management Co. LLC acquired a new stake in shares of Honeywell International during the second quarter valued at approximately $504,000. Atalanta Sosnoff Capital LLC raised its stake in shares of Honeywell International by 6.9% in the second quarter. Atalanta Sosnoff Capital LLC now owns 706,586 shares of the company’s stock valued at $82,190,000 after buying an additional 45,559 shares during the last quarter. Pitcairn Co. raised its stake in shares of Honeywell International by 31.0% in the second quarter. Pitcairn Co. now owns 14,390 shares of the company’s stock valued at $1,674,000 after buying an additional 3,405 shares during the last quarter. Mount Vernon Associates Inc. MD raised its stake in shares of Honeywell International by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 14,957 shares of the company’s stock valued at $1,740,000 after buying an additional 50 shares during the last quarter. Finally, E&G Advisors LP acquired a new stake in shares of Honeywell International during the second quarter valued at approximately $328,000. 76.50% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded up 0.82% during trading on Wednesday, reaching $117.16. The company had a trading volume of 3,331,239 shares. The firm’s 50 day moving average is $115.67 and its 200-day moving average is $114.94. Honeywell International Inc. has a 12 month low of $93.01 and a 12 month high of $120.02. The company has a market capitalization of $89.14 billion, a P/E ratio of 18.54 and a beta of 1.07.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the 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 return on equity of 26.84% and a net margin of 12.60%. Honeywell International’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.
Several brokerages have commented on HON. Morgan Stanley reissued a “buy” rating and issued a $127.00 price objective on shares of Honeywell International in a report on Tuesday, September 6th. Deutsche Bank AG reissued a “buy” rating and issued a $113.00 price objective on shares of Honeywell International in a report on Thursday, August 25th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $132.00 price target on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Argus lifted their price target on Honeywell International from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.41.
In other Honeywell International news, SVP Katherine L. Adams sold 108,712 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the transaction, the senior vice president now owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Cote sold 534,505 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $116.15, for a total value of $62,082,755.75. Following the transaction, the chief executive officer now directly owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
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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