Hancock Holding Co. cut its holdings in Honeywell International Inc. (NYSE:HON) by 75.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,290 shares of the conglomerate’s stock after selling 19,323 shares during the quarter. Hancock Holding Co.’s holdings in Honeywell International were worth $785,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Crestwood Advisors Group LLC purchased a new position in Honeywell International during the first quarter worth $100,000. Peoples Financial Services CORP. boosted its stake in Honeywell International by 62.2% during the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the period. MCF Advisors LLC boosted its stake in Honeywell International by 55.8% during the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the period. Assetmark Inc. boosted its stake in Honeywell International by 30.2% during the first quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock worth $153,000 after buying an additional 284 shares during the period. Finally, Sfmg LLC purchased a new position in Honeywell International during the first quarter worth $200,000. 75.91% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE HON) traded up 1.27% during trading on Friday, reaching $138.95. The company’s stock had a trading volume of 4,594,069 shares. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The stock has a 50 day moving average price of $137.53 and a 200 day moving average price of $132.16. The stock has a market capitalization of $105.68 billion, a PE ratio of 21.55 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. Analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share 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 given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
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In other news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was 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 in the company, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 in the last ninety days. 1.56% of the stock is owned by corporate insiders.
Several research analysts have commented on HON shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price objective (up from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and set a $140.00 price objective on shares of Honeywell International in a research note on Monday, July 17th. BidaskClub lowered shares of Honeywell International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Wednesday, June 28th. Finally, HSBC Holdings plc assumed coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target 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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