Burke & Herbert Bank & Trust Co. maintained its position in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,912 shares of the company’s stock at the end of the second quarter. Burke & Herbert Bank & Trust Co.’s holdings in Honeywell International were worth $571,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. American National Bank increased its position 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 in the last quarter. Ironwood Financial llc purchased a new stake in Honeywell International during the first quarter worth $122,000. Zions Bancorporation raised 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 last quarter. RPg Family Wealth Advisory LLC raised 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 last quarter. Finally, Private Wealth Advisors Inc. purchased a new stake 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 down 7.50% during trading on Friday, hitting $106.94. 20,446,322 shares of the stock traded hands. The company has a 50 day moving average of $115.34 and a 200-day moving average of $115.12. The company has a market cap of $81.37 billion, a PE ratio of 16.92 and a beta of 1.05. Honeywell International Inc. has a 1-year low of $93.71 and a 1-year high of $120.02.
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, beating the Thomson Reuters’ 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 net margin of 12.60% and a return on equity of 26.84%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 EPS. On average, equities analysts anticipate 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. Stockholders of record on Friday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s payout ratio is 37.66%.
HON has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Honeywell International in a report on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $114.00 price target on shares of Honeywell International in a report on Monday, July 25th. Morgan Stanley set a $130.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Monday, August 22nd. Robert W. Baird initiated coverage on shares of Honeywell International in a report on Thursday. They set an “outperform” rating and a $135.00 price target for the company. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $128.00 price target on shares of Honeywell International in a report on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $122.64.
In other news, VP Jennifer H. Mak sold 277 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the sale, the vice president now owns 420 shares of the company’s stock, valued at approximately $48,526.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the sale, the senior vice president now directly owns 224,530 shares in the company, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
Honeywell International Company Profile
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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