SRS Capital Advisors Inc. boosted its holdings in Honeywell International Inc. (NYSE:HON) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,112 shares of the conglomerate’s stock after acquiring an additional 124 shares during the period. SRS Capital Advisors Inc.’s holdings in Honeywell International were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Crestwood Advisors Group LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $100,000. Hanson McClain Inc. grew its stake in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the last quarter. MCF Advisors LLC grew its stake in Honeywell International by 55.8% in the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 335 shares during the last quarter. Assetmark Inc. grew its stake in Honeywell International by 30.2% in the 1st quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock valued at $153,000 after acquiring an additional 284 shares during the last quarter. Finally, Sfmg LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $200,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Thomas A. Szlosek sold 803 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the transaction, the chief financial officer now directly owns 5,702 shares in the company, valued at $781,288.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rajeev Gautam sold 5,840 shares of the company’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 value of $798,211.20. Following the transaction, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,108 shares of company stock valued at $48,886,463. Corporate insiders own 1.56% of the company’s stock.
A number of research analysts have issued reports on HON shares. Cowen and Company restated an “outperform” rating and issued a $150.00 target price (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Morgan Stanley upped their target price on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and an average target price of $142.22.
Honeywell International Inc. (NYSE HON) opened at 141.75 on Friday. The stock has a market cap of $107.81 billion, a price-to-earnings ratio of 21.98 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $142.06. The company has a 50-day moving average of $137.60 and a 200 day moving average of $132.42.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during 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%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. Equities analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a $0.665 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.88%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with our FREE daily email newsletter.