GW&K Investment Management LLC reduced its stake in Honeywell International Inc. (NYSE:HON) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 97,967 shares of the company’s stock after selling 2,328 shares during the period. GW&K Investment Management LLC’s holdings in Honeywell International were worth $11,396,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. American National Bank boosted 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 during the last quarter. Ironwood Financial llc bought a new position in Honeywell International during the first quarter worth $122,000. Zions Bancorporation boosted 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 during the last quarter. RPg Family Wealth Advisory LLC boosted 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 during the last quarter. Finally, Bath Savings Trust Co bought a new position in Honeywell International during the second quarter worth $201,000. 76.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.11% during midday trading on Monday, hitting $116.05. The company’s stock had a trading volume of 2,481,259 shares. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02. The firm has a 50-day moving average of $115.68 and a 200 day moving average of $115.13. The firm has a market cap of $88.30 billion, a price-to-earnings ratio of 18.36 and a beta of 1.05.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.51 EPS. On average, equities research analysts predict that Honeywell International Inc. will post $6.67 EPS for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s dividend payout ratio (DPR) is 37.66%.
A number of research analysts have recently weighed in on the company. Morgan Stanley reaffirmed a “buy” rating and set a $127.00 price objective on shares of Honeywell International in a research report on Tuesday, September 6th. Deutsche Bank AG reissued a “buy” rating and set a $113.00 target price on shares of Honeywell International in a research note on Thursday, August 25th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Citigroup Inc. reissued a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Argus lifted their target price on Honeywell International from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $122.41.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, the insider now owns 66,441 shares in the company, valued at $7,627,426.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 108,712 shares of Honeywell International stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $116.13, for a total value of $12,624,724.56. Following the sale, the senior vice president now owns 224,530 shares in the company, valued at approximately $26,074,668.90. 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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