RE Advisers Corp lessened its stake in Honeywell International Inc. (NYSE:HON) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,027,500 shares of the conglomerate’s stock after selling 50,000 shares during the period. Honeywell International makes up approximately 2.3% of RE Advisers Corp’s holdings, making the stock its 15th largest position. RE Advisers Corp owned about 0.14% of Honeywell International worth $148,011,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Honeywell International by 0.8% in the 1st quarter. BlackRock Inc. now owns 47,946,537 shares of the conglomerate’s stock worth $6,928,754,000 after buying an additional 371,519 shares during the period. Fiduciary Management Inc. WI boosted its holdings in Honeywell International by 1.5% in the 1st quarter. Fiduciary Management Inc. WI now owns 4,182,825 shares of the conglomerate’s stock worth $604,460,000 after buying an additional 62,526 shares during the period. Summit Trail Advisors LLC boosted its holdings in Honeywell International by 13,390.2% in the 1st quarter. Summit Trail Advisors LLC now owns 4,022,630 shares of the conglomerate’s stock worth $4,023,000 after buying an additional 3,992,811 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Honeywell International by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,752,407 shares of the conglomerate’s stock worth $397,751,000 after buying an additional 127,867 shares during the period. Finally, Swiss National Bank boosted its holdings in Honeywell International by 7.1% in the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock worth $358,162,000 after buying an additional 164,400 shares during the period. 74.64% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE HON opened at $159.64 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. The stock has a market cap of $118.12 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. Honeywell International Inc. has a 12-month low of $136.17 and a 12-month high of $165.13.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.11. The firm had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.80 EPS. sell-side analysts expect that Honeywell International Inc. will post 8.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 17th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, August 16th. Honeywell International’s dividend payout ratio is 41.91%.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares in the company, valued at $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.
Several brokerages have commented on HON. MED began coverage on shares of Honeywell International in a research note on Thursday, July 12th. They issued a “buy” rating and a $166.00 price target on the stock. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research note on Tuesday, July 31st. Barclays boosted their price target on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Citigroup boosted their price target on shares of Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and an average target price of $172.94.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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