Security National Trust Co. held its stake in Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,120 shares of the conglomerate’s stock at the end of the second quarter. Security National Trust Co.’s holdings in Honeywell International were worth $282,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in HON. Clearbridge Investments LLC grew its stake in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC grew its stake in Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the period. Ameriprise Financial Inc. grew its stake in Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the period. Swiss National Bank grew its stake in Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the period. Finally, CIBC World Markets Inc. grew its stake in Honeywell International by 3,023.8% in the 1st quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after purchasing an additional 543,617 shares during the period. Hedge funds and other institutional investors own 75.81% of the company’s stock.
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In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the business’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 completion of the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last three months. 1.56% of the stock is currently owned by corporate insiders.
Honeywell International Inc. (NYSE HON) opened at 146.12 on Wednesday. The company has a market cap of $111.13 billion, a P/E ratio of 22.66 and a beta of 0.95. The firm has a 50-day moving average price of $141.15 and a 200 day moving average price of $135.52. Honeywell International Inc. has a 52 week low of $107.51 and a 52 week high of $147.00.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. Honeywell International’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 40.30%.
A number of brokerages have issued reports on HON. Credit Suisse Group restated a “neutral” rating and issued a $150.00 price objective (up previously from $141.00) on shares of Honeywell International in a research note on Monday. Royal Bank Of Canada upped their price objective on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday. Vertical Research restated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen and Company restated a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a research note on Thursday, October 19th. Finally, Argus upped their price objective on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and an average price target of $150.79.
About Honeywell International
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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