Cox Capital Co LLC bought a new position in Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,483 shares of the conglomerate’s stock, valued at approximately $1,654,000. Honeywell International comprises about 2.0% of Cox Capital Co LLC’s investment portfolio, making the stock its 17th largest position.
Other large investors have also recently made changes to their positions in the company. CX Institutional purchased a new position in shares of Honeywell International during the 2nd quarter valued at about $100,000. Well Done LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at about $103,000. Jolley Asset Management LLC purchased a new position in shares of Honeywell International during the 2nd quarter valued at about $104,000. Bruderman Asset Management LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at about $114,000. Finally, McKinley Carter Wealth Services Inc. purchased a new position in shares of Honeywell International during the 1st quarter valued at about $125,000. 74.64% of the stock is currently owned by institutional investors and hedge funds.
NYSE HON opened at $161.79 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International Inc. has a 12 month low of $136.17 and a 12 month high of $165.13. The company has a market capitalization of $118.12 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The business had revenue of $10.92 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. equities analysts forecast that Honeywell International Inc. will post 8.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 17th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, August 16th. Honeywell International’s payout ratio is 41.91%.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the sale, the insider now owns 16,131 shares of the company’s stock, valued at approximately $2,568,861.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
HON has been the topic of a number of analyst reports. Citigroup lifted their price objective on Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a research report on Monday, July 23rd. JPMorgan Chase & Co. boosted their price target on Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Barclays boosted their price target on Honeywell International from $172.00 to $176.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Deutsche Bank set a $166.00 price target on Honeywell International and gave the stock a “buy” rating in a report on Thursday, July 12th. Finally, MED started coverage on Honeywell International in a report on Thursday, July 12th. They issued a “buy” rating and a $166.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently 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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