Charter Trust Co. raised its stake in Honeywell International Inc. (NYSE:HON) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 13,039 shares of the conglomerate’s stock after acquiring an additional 484 shares during the period. Charter Trust Co.’s holdings in Honeywell International were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Weatherly Asset Management L. P. lifted its holdings in shares of Honeywell International by 3.9% in the 2nd quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after buying an additional 323 shares during the period. Parthenon LLC lifted its holdings in shares of Honeywell International by 16.0% in the 2nd quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock valued at $345,000 after buying an additional 330 shares during the period. Bank of The Ozarks lifted its holdings in shares of Honeywell International by 3.1% in the 2nd quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock valued at $1,603,000 after buying an additional 334 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Honeywell International by 40.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock valued at $172,000 after buying an additional 345 shares during the period. Finally, Nicollet Investment Management Inc. lifted its holdings in shares of Honeywell International by 1.7% in the 1st quarter. Nicollet Investment Management Inc. now owns 21,615 shares of the conglomerate’s stock valued at $3,124,000 after buying an additional 355 shares during the period. Institutional investors own 74.55% of the company’s stock.
In other news, insider Vimal Kapur sold 9,996 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Several analysts have recently commented on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $166.00 price target for the company in a report on Monday, May 21st. Cowen reissued a “buy” rating and issued a $168.00 price target on shares of Honeywell International in a report on Friday, August 24th. Barclays raised their price target on Honeywell International from $172.00 to $176.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. UBS Group raised their price target on Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, Deutsche Bank set a $166.00 price target on Honeywell International and gave the company a “buy” rating in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $172.94.
Shares of HON stock opened at $164.01 on Friday. The firm has a market cap of $118.12 billion, a P/E ratio of 23.07, a PEG ratio of 1.85 and a beta of 1.01. Honeywell International Inc. has a 1 year low of $136.32 and a 1 year high of $165.13. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.11. The firm had revenue of $10.92 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. Honeywell International’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. research analysts predict 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. Investors of record on Friday, August 17th will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, August 16th. This represents a $2.98 annualized dividend and a yield of 1.82%. Honeywell International’s dividend payout ratio is presently 41.91%.
Honeywell International Profile
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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