Global Endowment Management LP held its stake in Honeywell International Inc. (NYSE:HON) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,000 shares of the conglomerate’s stock at the close of the second quarter. Global Endowment Management LP’s holdings in Honeywell International were worth $400,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hanson McClain Inc. grew its position in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 3 shares during the last quarter. Burt Wealth Advisors grew its position in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares during the last quarter. Guidant Wealth Advisors grew its position in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the last quarter. Mosaic Family Wealth LLC grew its position in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the last quarter. Finally, CKW Financial Group purchased a new position in Honeywell International in the 2nd quarter valued at $108,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same quarter last year, the company earned $1.60 earnings per share. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.95%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
A number of research firms recently weighed in on HON. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Deutsche Bank reiterated a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a research report on Tuesday, November 28th. Royal Bank Of Canada lifted their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 price objective (up from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Finally, Citigroup lifted their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $154.00.
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Honeywell International Company 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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