Chemung Canal Trust Co. lifted its position in Honeywell International Inc. (NYSE:HON) by 47.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,783 shares of the conglomerate’s stock after buying an additional 6,029 shares during the period. Chemung Canal Trust Co.’s holdings in Honeywell International were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new position in Honeywell International in the 1st quarter worth $100,000. Hanson McClain Inc. raised its holdings in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. MCF Advisors LLC raised its holdings in Honeywell International by 55.8% in the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after purchasing an additional 335 shares during the period. SRS Capital Advisors Inc. raised its holdings in Honeywell International by 12.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock worth $138,000 after purchasing an additional 124 shares during the period. Finally, Assetmark Inc. raised its holdings in Honeywell International by 30.2% in the 1st quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock worth $153,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.
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In related news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,108 shares of company stock valued at $48,886,463. Insiders own 1.56% of the company’s stock.
A number of equities analysts recently commented on the company. Oppenheimer Holdings, Inc. raised their target price on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a report on Monday, July 17th. HSBC Holdings plc assumed coverage on Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Finally, Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $141.18.
Shares of Honeywell International Inc. (HON) traded down 0.22% on Wednesday, hitting $138.37. The stock had a trading volume of 684,133 shares. The firm has a market cap of $105.24 billion, a P/E ratio of 21.46 and a beta of 0.94. The firm’s 50-day moving average price is $137.45 and its 200 day moving average price is $131.93. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were given a dividend of $0.665 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
Honeywell International Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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