VNBTrust National Association maintained its position in Honeywell International Inc. (NYSE:HON) during the second quarter, Holdings Channel reports. The fund owned 2,215 shares of the company’s stock at the end of the second quarter. VNBTrust National Association’s holdings in Honeywell International were worth $258,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanders Morris Harris Inc. bought a new position in shares of Honeywell International during the first quarter worth about $856,000. Sii Investments Inc. WI increased its position in shares of Honeywell International by 21.2% in the first quarter. Sii Investments Inc. WI now owns 3,536 shares of the company’s stock worth $393,000 after buying an additional 619 shares during the period. Investment Centers of America Inc. increased its position in shares of Honeywell International by 10.5% in the first quarter. Investment Centers of America Inc. now owns 19,817 shares of the company’s stock worth $2,219,000 after buying an additional 1,891 shares during the period. Meristem LLP increased its position in shares of Honeywell International by 3.0% in the first quarter. Meristem LLP now owns 4,867 shares of the company’s stock worth $545,000 after buying an additional 140 shares during the period. Finally, Glenmede Trust Co. NA increased its position in shares of Honeywell International by 31.6% in the first quarter. Glenmede Trust Co. NA now owns 1,137,297 shares of the company’s stock worth $127,432,000 after buying an additional 273,000 shares during the period. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 1.01% during trading on Tuesday, hitting $114.88. The stock had a trading volume of 2,522,176 shares. The firm has a 50 day moving average of $115.62 and a 200-day moving average of $115.15. Honeywell International Inc. has a one year low of $93.71 and a one year high of $120.02. The company has a market cap of $87.41 billion, a P/E ratio of 18.17 and a beta of 1.05.
Honeywell International (NYSE:HON) last issued 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 firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post $6.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s dividend payout ratio is presently 37.66%.
A number of research analysts recently issued reports on HON shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reiterated a “buy” rating and set a $127.00 price objective on shares of Honeywell International in a research note on Tuesday, September 6th. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research note on Thursday, June 30th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.41.
In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now owns 66,441 shares in the company, valued at $7,627,426.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $116.29, for a total value of $69,774.00. Following the transaction, the insider now owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. 1.83% of the stock is owned by 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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