Personal Capital Advisors Corp grew its position in Honeywell International Inc. (NYSE:HON) by 47.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,420 shares of the conglomerate’s stock after purchasing an additional 1,108 shares during the period. Personal Capital Advisors Corp’s holdings in Honeywell International were worth $456,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Hanson McClain Inc. increased its holdings in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares during the period. Addison Capital Co increased its holdings in shares of Honeywell International by 0.3% in the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares during the period. Weatherly Asset Management L. P. increased its holdings in shares of Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock valued at $312,000 after purchasing an additional 8 shares during the period. Keel Point LLC increased its holdings in shares of Honeywell International by 0.3% in the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 10 shares during the period. Finally, Hudock Capital Group LLC increased its holdings in shares of Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock valued at $502,000 after purchasing an additional 14 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) opened at 141.75 on Friday. The firm’s 50-day moving average price is $137.60 and its 200 day moving average price is $132.42. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $142.06. The firm has a market cap of $107.81 billion, a PE ratio of 21.98 and a beta of 0.94.
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 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 firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the company posted $1.70 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
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HON has been the topic of several analyst reports. Oppenheimer Holdings, Inc. raised their target price on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and set a $140.00 target price on shares of Honeywell International in a report on Monday, July 17th. Morgan Stanley raised their target price on Honeywell International from $145.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday. HSBC Holdings plc initiated coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price on the stock. Finally, BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average target price of $142.22.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction on 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 sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock valued at $48,886,463 in the last three months. Company insiders own 1.56% of the company’s stock.
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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