Fayez Sarofim & Co maintained its position in shares of Honeywell International Inc. (NYSE:HON) during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,165 shares of the conglomerate’s stock at the end of the 1st quarter. Fayez Sarofim & Co’s holdings in Honeywell International were worth $1,519,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. FTB Advisors Inc. increased its stake in Honeywell International by 24.9% in the 1st quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after buying an additional 423 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Honeywell International by 0.9% during the 1st quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock valued at $13,135,000 after purchasing an additional 936 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Honeywell International by 27.4% during 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 last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Honeywell International by 5.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock valued at $172,401,000 after purchasing an additional 74,611 shares during the last quarter. Finally, Buckingham Capital Management Inc. boosted its holdings in shares of Honeywell International by 3.1% during the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
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Several research firms have commented on HON. Oppenheimer Holdings, Inc. increased their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a report on Monday, July 17th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Friday. HSBC Holdings plc assumed coverage on shares of Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. Finally, BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $141.24.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the transaction, the insider now directly owns 294,155 shares in the company, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 in the last quarter. Insiders own 1.56% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 1.20% on Friday, reaching $138.85. 2,722,750 shares of the company were exchanged. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21. The stock has a market capitalization of $105.61 billion, a price-to-earnings ratio of 21.53 and a beta of 0.94. The stock has a 50-day moving average price of $137.47 and a 200 day moving average price of $132.06.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the business earned $1.70 EPS. The business’s revenue was up .9% on a year-over-year basis. Analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a $0.665 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio is presently 41.24%.
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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