Livingston Group Asset Management CO operating as Southport Capital Management boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,294 shares of the company’s stock after buying an additional 101 shares during the period. Honeywell International makes up 1.0% of Livingston Group Asset Management CO operating as Southport Capital Management’s portfolio, making the stock its 28th largest position. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Honeywell International were worth $1,779,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American National Bank increased its stake 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 period. Ironwood Financial llc acquired a new stake in Honeywell International during the first quarter worth about $122,000. Zions Bancorporation increased its stake 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 period. RPg Family Wealth Advisory LLC increased its stake 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 period. Finally, Private Wealth Advisors Inc. acquired a new stake in Honeywell International during the second quarter worth about $201,000. Institutional investors own 76.50% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.33% on Wednesday, reaching $115.26. The company had a trading volume of 2,122,923 shares. The company’s 50 day moving average price is $115.60 and its 200-day moving average price is $115.15. The company has a market capitalization of $87.70 billion, a price-to-earnings ratio of 18.23 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $93.71 and a 12 month high of $120.02.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. Honeywell International’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post $6.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s dividend payout ratio is presently 37.66%.
A number of research firms recently issued reports on HON. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. reaffirmed a “buy” rating and issued a $132.00 price objective on shares of Honeywell International in a research report on Thursday, June 30th. Finally, Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $122.41.
In related news, CEO David M. Cote sold 534,505 shares of the business’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 sale, the chief executive officer now owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the sale, the insider now directly owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. 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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