Ameritas Investment Partners Inc. lowered its stake in Honeywell International Inc. (NYSE:HON) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,162 shares of the conglomerate’s stock after selling 3,834 shares during the period. Ameritas Investment Partners Inc.’s holdings in Honeywell International were worth $6,512,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of HON. Ameriprise Financial Inc. increased its holdings in shares of Honeywell International by 8.8% in the first 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 in the last quarter. Swiss National Bank increased its holdings in shares of Honeywell International by 27.4% in the first 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 in the last quarter. CIBC World Markets Inc. increased its holdings in shares of Honeywell International by 3,023.8% in the first 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 in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock valued at $113,628,000 after purchasing an additional 542,474 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $61,656,000. 75.91% of the stock is owned by institutional investors and hedge funds.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the sale, the director now owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 over the last 90 days. Corporate insiders own 1.56% of the company’s stock.
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Honeywell International Inc. (HON) traded up 1.27% during midday trading on Friday, reaching $138.95. 4,594,069 shares of the company traded hands. The company has a 50 day moving average of $137.53 and a 200-day moving average of $132.16. The stock has a market capitalization of $105.68 billion, a P/E ratio of 21.55 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. Equities 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. Shareholders of record on Friday, August 18th were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
HON has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Thursday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. HSBC Holdings plc initiated coverage on shares of Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $141.24.
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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