Somerville Kurt F cut its stake in Honeywell International Inc. (NYSE:HON) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,500 shares of the conglomerate’s stock after selling 220 shares during the period. Somerville Kurt F’s holdings in Honeywell International were worth $1,399,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC purchased a new position in Honeywell International during the first quarter worth about $100,000. Hanson McClain Inc. grew its position in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. Jolley Asset Management LLC grew its position in Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the period. MCF Advisors LLC grew its position 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. Finally, Proficio Capital Partners LLC grew its position in Honeywell International by 56.7% during the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock worth $124,000 after buying an additional 340 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on HON. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Cowen and Company restated an “outperform” rating and set a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Morgan Stanley increased their price target on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, August 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $141.24.
Honeywell International Inc. (NYSE:HON) traded up 1.12% on Friday, hitting $138.75. 3,252,351 shares of the stock traded hands. The company’s 50 day moving average price is $137.47 and its 200-day moving average price is $132.06. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The stock has a market capitalization of $105.53 billion, a P/E ratio of 21.51 and a beta of 0.94.
Honeywell International (NYSE:HON) last announced its quarterly earnings data 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 firm had revenue of $10.08 billion during 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 business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. 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. Stockholders 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 annualized dividend and a dividend yield of 1.94%. Honeywell International’s payout ratio is 41.24%.
In other Honeywell International 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 value 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 transaction was disclosed in a legal filing with the SEC, 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 value of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. 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 quarter. 1.56% of the stock is owned by corporate insiders.
About Honeywell International
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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