British Airways Pensions Investment Management Ltd cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 14.8% during the second quarter, Holdings Channel reports. The fund owned 401,640 shares of the company’s stock after selling 69,510 shares during the period. Honeywell International accounts for about 1.4% of British Airways Pensions Investment Management Ltd’s portfolio, making the stock its 19th largest position. British Airways Pensions Investment Management Ltd’s holdings in Honeywell International were worth $46,904,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. American National Bank raised 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 in the last quarter. Ironwood Financial llc purchased a new position in Honeywell International during the first quarter worth $122,000. Zions Bancorporation raised 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 in the last quarter. RPg Family Wealth Advisory LLC raised 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 in the last quarter. Finally, Private Wealth Advisors Inc. bought a new position in Honeywell International during the second quarter valued at about $201,000. 76.50% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.83% during midday trading on Thursday, reaching $116.19. 1,877,042 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $115.68 and a 200-day moving average price of $114.95. Honeywell International Inc. has a 52-week low of $93.01 and a 52-week high of $120.02. The stock has a market cap of $88.41 billion, a P/E ratio of 18.38 and a beta of 1.07.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. During the same period last year, the firm earned $1.51 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s dividend payout ratio is currently 37.66%.
Several research analysts have recently issued reports on HON shares. Morgan Stanley restated a “buy” rating and set a $127.00 price objective on shares of Honeywell International in a report on Tuesday, September 6th. Deutsche Bank AG restated a “buy” rating and set a $113.00 price objective on shares of Honeywell International in a report on Thursday, August 25th. Argus boosted their price objective on shares of Honeywell International from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price objective on shares of Honeywell International in a report on Wednesday, July 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average price target of $122.41.
In other Honeywell International news, insider Timothy O. Mahoney sold 600 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the transaction, the insider now directly owns 68,398 shares of the company’s stock, valued at approximately $7,954,003.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the completion of the transaction, the insider now directly owns 66,441 shares in the company, valued at $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company 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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