Mainstay Capital Management LLC ADV lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 19,481.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,662 shares of the conglomerate’s stock after purchasing an additional 62,342 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Honeywell International were worth $435,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. CX Institutional acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $100,000. Well Done LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $103,000. Jolley Asset Management LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $104,000. Bruderman Asset Management LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $114,000. Finally, Fort L.P. acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $118,000. Institutional investors and hedge funds own 74.55% of the company’s stock.
HON opened at $166.54 on Friday. Honeywell International Inc. has a one year low of $138.81 and a one year high of $166.89. The company has a market capitalization of $123.12 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. 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 (NYSE:HON) last released its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. analysts anticipate that Honeywell International Inc. will post 8.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 17th were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Thursday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.91%.
In other Honeywell International news, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total transaction of $484,795.92. Following the transaction, the director now directly owns 11,787 shares in the company, valued at $1,863,760.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vimal Kapur sold 9,996 shares of the company’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 transaction, the insider now owns 16,131 shares in the company, valued at $2,568,861.75. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on HON. Morgan Stanley began coverage on Honeywell International in a report on Monday, August 20th. They set an “overweight” rating and a $175.00 target price on the stock. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Monday, May 28th. Barclays upped their price objective on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Finally, MED initiated coverage on Honeywell International in a report on Thursday, July 12th. They issued a “buy” rating and a $166.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $172.94.
Honeywell International Company 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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