Fayez Sarofim & Co. increased its stake in Honeywell International Inc. (NYSE:HON) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,813 shares of the company’s stock after buying an additional 426 shares during the period. Fayez Sarofim & Co.’s holdings in Honeywell International were worth $1,956,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of HON. American National Bank raised its stake in shares of 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 last quarter. First Personal Financial Services raised its stake in shares of Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock worth $113,000 after buying an additional 547 shares during the last quarter. Ironwood Financial llc purchased a new stake in shares of Honeywell International during the first quarter worth about $122,000. Bruderman Asset Management LLC raised its stake in shares of Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock worth $122,000 after buying an additional 172 shares during the last quarter. Finally, Zions Bancorporation raised its stake in shares of 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 last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.24% on Friday, reaching $116.47. 162,973 shares of the company traded hands. Honeywell International Inc. has a 12 month low of $93.01 and a 12 month high of $120.02. The company has a 50-day moving average price of $115.68 and a 200-day moving average price of $114.95. The company has a market capitalization of $88.62 billion, a P/E ratio of 18.43 and a beta of 1.07.
Honeywell International (NYSE:HON) last announced its quarterly earnings data 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 analyst estimates of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. Equities research analysts expect that Honeywell International Inc. will post $6.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s dividend payout ratio is currently 37.66%.
HON has been the topic of a number of research analyst reports. Bank of America Corp. set a $132.00 target price on Honeywell International and gave the company a “buy” rating in a research report on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price on shares of Honeywell International in a research report on Thursday, June 30th. Morgan Stanley reissued a “buy” rating and issued a $126.00 target price on shares of Honeywell International in a research report on Thursday, June 30th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday, June 27th. Finally, Stifel Nicolaus cut their price objective on Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $122.41.
In other news, CEO David M. Cote sold 534,505 shares of Honeywell International stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $116.15, for a total value of $62,082,755.75. Following the completion of the transaction, the chief executive officer now directly owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Darius Adamczyk sold 13,985 shares of Honeywell International stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $116.18, for a total transaction of $1,624,777.30. Following the completion of the transaction, the chief operating officer now directly owns 14,266 shares of the company’s stock, valued at $1,657,423.88. 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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