Columbia Asset Management decreased its stake in Honeywell International Inc. (NYSE:HON) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,660 shares of the conglomerate’s stock after selling 22 shares during the period. Columbia Asset Management’s holdings in Honeywell International were worth $2,080,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Capital Investment Advisors LLC increased its stake in shares of Honeywell International by 1.8% in the first quarter. Capital Investment Advisors LLC now owns 6,932 shares of the conglomerate’s stock worth $866,000 after purchasing an additional 121 shares in the last quarter. SFE Investment Counsel purchased a new position in shares of Honeywell International in the first quarter worth about $374,000. Bank of The West grew its stake in Honeywell International by 70.6% during the first quarter. Bank of The West now owns 5,995 shares of the conglomerate’s stock valued at $749,000 after acquiring an additional 2,480 shares in the last quarter. Whitnell & Co. grew its stake in Honeywell International by 1.1% during the first quarter. Whitnell & Co. now owns 3,602 shares of the conglomerate’s stock valued at $450,000 after acquiring an additional 38 shares in the last quarter. Finally, Trust Department MB Financial Bank N A grew its stake in Honeywell International by 1.0% during the first quarter. Trust Department MB Financial Bank N A now owns 10,307 shares of the conglomerate’s stock valued at $1,287,000 after acquiring an additional 97 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Inc. (HON) traded up 1.53% during trading on Friday, reaching $139.31. 2,214,670 shares of the company’s stock traded hands. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21. The company has a 50 day moving average of $137.47 and a 200 day moving average of $132.06. The firm has a market cap of $105.95 billion, a price-to-earnings ratio of 21.60 and a beta of 0.94.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. Equities research analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a dividend of $0.665 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.94%. Honeywell International’s dividend payout ratio is presently 41.24%.
HON has been the subject of several recent analyst reports. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. lifted their target price on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Credit Suisse Group reiterated a “neutral” rating and set a $139.00 target price (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. Finally, Morgan Stanley restated an “overweight” rating and issued a $141.00 price objective (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average price target of $141.24.
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In related news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock worth $48,886,463 in the last 90 days. 1.56% of the stock is currently owned by company insiders.
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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