Hunter Associates Investment Management LLC decreased its position in Honeywell International Inc. (NYSE:HON) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,391 shares of the conglomerate’s stock after selling 125 shares during the period. Hunter Associates Investment Management LLC’s holdings in Honeywell International were worth $452,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Hanson McClain Inc. increased its stake in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the period. Burt Wealth Advisors boosted its stake in shares of Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors boosted its stake in shares of Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares in the last quarter. Finally, CKW Financial Group acquired a new stake in shares of Honeywell International in the 2nd quarter valued at $108,000. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.60 EPS. equities analysts predict that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio is 45.15%.
HON has been the subject of a number of research analyst reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Thursday, September 21st. Deutsche Bank reaffirmed a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank Of Canada upped their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Citigroup upped their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Finally, Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.92.
Honeywell International 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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