Tompkins Financial Corp lowered its holdings in Honeywell International Inc. (NYSE:HON) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,423 shares of the conglomerate’s stock after selling 571 shares during the quarter. Honeywell International accounts for 0.8% of Tompkins Financial Corp’s holdings, making the stock its 27th largest holding. Tompkins Financial Corp’s holdings in Honeywell International were worth $4,064,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. CX Institutional acquired a new stake in shares of Honeywell International in the second quarter valued at $100,000. Jolley Asset Management LLC acquired a new position in Honeywell International during the 2nd quarter worth $104,000. Fort L.P. acquired a new position in Honeywell International during the 2nd quarter worth $118,000. McKinley Carter Wealth Services Inc. acquired a new position in Honeywell International during the 1st quarter worth $125,000. Finally, Kiley Juergens Wealth Management LLC acquired a new position in Honeywell International during the 2nd quarter worth $125,000. Institutional investors own 74.75% of the company’s stock.
In other news, Director Linnet F. Deily sold 3,066 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,863,760.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vimal Kapur sold 9,996 shares of the business’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 completion of the sale, the insider now directly owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
NYSE:HON opened at $155.19 on Friday. The stock has a market cap of $117.37 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. Honeywell International Inc. has a 1 year low of $139.51 and a 1 year high of $167.72. 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 released its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The business 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%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 EPS. As a group, research analysts forecast that Honeywell International Inc. will post 8.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be given a dividend of $0.82 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. This represents a $3.28 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, November 15th. Honeywell International’s dividend payout ratio is currently 41.91%.
HON has been the subject of several analyst reports. Wolfe Research initiated coverage on Honeywell International in a research note on Wednesday, June 27th. They set an “outperform” rating and a $170.00 target price for the company. Gordon Haskett initiated coverage on Honeywell International in a research note on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Deutsche Bank set a $166.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Thursday, July 12th. Finally, UBS Group boosted their target price on Honeywell International from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $174.79.
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.
Featured Story: 52-Week High/Low
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.