Capital Fund Management S.A. bought a new position in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 17,859 shares of the company’s stock, valued at approximately $2,077,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 during the last quarter. Ironwood Financial llc purchased a new position in Honeywell International during the first quarter worth about $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 during 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 during the last quarter. Finally, Bath Savings Trust Co purchased a new position in Honeywell International during the second quarter worth about $201,000. 76.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.30% on Thursday, hitting $115.61. 3,271,259 shares of the stock traded hands. The firm has a market capitalization of $87.96 billion, a PE ratio of 18.29 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02. The firm’s 50 day moving average is $115.59 and its 200 day moving average is $115.16.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 earnings per share. On average, analysts expect that Honeywell International Inc. will post $6.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a dividend of $0.595 per share. The ex-dividend date was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s payout ratio is 37.66%.
A number of analysts have recently weighed in on HON shares. Morgan Stanley reaffirmed a “buy” rating and issued a $127.00 price target on shares of Honeywell International in a research note on Tuesday, September 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $113.00 price target on shares of Honeywell International in a research note on Thursday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Honeywell International in a research note on Wednesday, July 6th. Argus upped their price target on shares of Honeywell International from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th. Finally, Stifel Nicolaus reduced their price target on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $122.98.
In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now directly owns 66,441 shares in the company, valued at $7,627,426.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jennifer H. Mak sold 277 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $115.54, for a total transaction of $32,004.58. Following the transaction, the vice president now owns 420 shares in the company, valued at $48,526.80. The disclosure for this sale can be found here. Corporate 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.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.