Montag & Caldwell LLC cut its position in shares of Honeywell International Inc. (NYSE:HON) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 1,632,268 shares of the company’s stock after selling 117,138 shares during the period. Honeywell International makes up approximately 3.9% of Montag & Caldwell LLC’s holdings, making the stock its 9th largest position. Montag & Caldwell LLC’s holdings in Honeywell International were worth $189,865,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in HON. American National Bank increased its stake in shares of Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares in the last quarter. Ironwood Financial llc bought a new stake in shares of Honeywell International during the first quarter valued at $122,000. Zions Bancorporation increased its stake in shares of Honeywell International by 14.6% in the first quarter. Zions Bancorporation now owns 1,332 shares of the company’s stock valued at $152,000 after buying an additional 170 shares in the last quarter. RPg Family Wealth Advisory LLC increased its stake in shares of 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 valued at $156,000 after buying an additional 1,275 shares in the last quarter. Finally, Bath Savings Trust Co bought a new stake in shares of Honeywell International during the second quarter valued at $201,000. 76.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.13% during mid-day trading on Monday, reaching $106.80. The company’s stock had a trading volume of 8,401,246 shares. Honeywell International Inc. has a 52-week low of $93.71 and a 52-week high of $120.02. The company has a market capitalization of $81.26 billion, a PE ratio of 16.90 and a beta of 1.05. The firm’s 50 day moving average is $115.34 and its 200-day moving average is $115.12.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The business earned $9.78 billion during 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 company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.51 earnings per share. Analysts forecast that Honeywell International Inc. will post $6.68 EPS for the current year.
Several equities research analysts recently weighed in on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Monday, June 27th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Honeywell International in a report on Monday, June 27th. Morgan Stanley reaffirmed a “buy” rating and set a $126.00 price target on shares of Honeywell International in a report on Thursday, June 30th. Citigroup Inc. reaffirmed a “buy” rating and set a $132.00 price target on shares of Honeywell International in a report on Thursday, June 30th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $122.95.
In other news, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 68,398 shares in the company, valued at $7,954,003.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jennifer H. Mak sold 277 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the completion of the sale, the vice president now owns 420 shares of the company’s stock, valued at approximately $48,526.80. The disclosure for this sale can be found here. 1.83% of the stock is 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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