Ashfield Capital Partners LLC decreased its stake in Honeywell International Inc. (NYSE:HON) by 54.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,726 shares of the conglomerate’s stock after selling 77,408 shares during the period. Honeywell International makes up about 1.1% of Ashfield Capital Partners LLC’s holdings, making the stock its 24th largest position. Ashfield Capital Partners LLC’s holdings in Honeywell International were worth $8,207,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its position in Honeywell International by 3.9% in the first quarter. Creative Planning now owns 61,152 shares of the conglomerate’s stock valued at $7,636,000 after buying an additional 2,323 shares during the last quarter. FTB Advisors Inc. increased its position in Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock valued at $272,000 after buying an additional 423 shares during the last quarter. Swiss National Bank increased its position in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the last quarter. Integrated Wealth Management increased its position in Honeywell International by 5.2% in the first quarter. Integrated Wealth Management now owns 4,054 shares of the conglomerate’s stock valued at $506,000 after buying an additional 201 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock valued at $172,401,000 after buying an additional 74,611 shares during the last quarter. Institutional investors own 76.49% of the company’s stock.
Honeywell International Inc. (HON) opened at 134.95 on Friday. The stock has a market capitalization of $102.64 billion, a PE ratio of 20.93 and a beta of 0.94. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21. The company’s 50 day moving average price is $136.42 and its 200-day moving average price is $130.09.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is presently 41.24%.
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HON has been the subject of several research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Thursday, July 20th. BidaskClub downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada raised their target price on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $148.00 target price on shares of Honeywell International in a research note on Tuesday, April 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a research note on Friday, April 21st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $139.64.
In other Honeywell International news, SVP Katherine L. Adams sold 116,021 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the sale, the senior vice president now directly owns 286,199 shares in the company, valued at $37,692,408.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,799 shares of company stock valued at $64,094,877. 1.56% of the stock is owned by corporate insiders.
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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