Dynamic Technology Lab Private Ltd bought a new position in shares of Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,785 shares of the conglomerate’s stock, valued at approximately $348,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hanson McClain Inc. raised its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Weatherly Asset Management L. P. raised its position in Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock worth $312,000 after buying an additional 8 shares in the last quarter. Hudock Capital Group LLC raised its position in Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock worth $502,000 after buying an additional 14 shares in the last quarter. BKD Wealth Advisors LLC raised its position in Honeywell International by 0.4% in the first quarter. BKD Wealth Advisors LLC now owns 4,547 shares of the conglomerate’s stock worth $568,000 after buying an additional 18 shares in the last quarter. Finally, Point View Wealth Management Inc. raised its position in Honeywell International by 1.0% in the first quarter. Point View Wealth Management Inc. now owns 1,871 shares of the conglomerate’s stock worth $234,000 after buying an additional 19 shares in the last quarter. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) opened at 134.95 on Friday. The stock has a 50 day moving average price of $136.42 and a 200 day moving average price of $130.09. The stock has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.665 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio is currently 41.24%.
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A number of research firms have recently weighed in on HON. Cowen and Company restated a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a report on Monday, July 17th. 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 research report on Monday, July 24th. Stifel Nicolaus raised their target price on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Citigroup Inc. raised their target price on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Finally, HSBC Holdings plc began coverage on Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $139.64.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the business’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 transaction, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 116,021 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the completion of the transaction, the senior vice president now owns 286,199 shares in the company, valued at $37,692,408.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 469,799 shares of company stock valued at $64,094,877. 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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