Abbrea Capital LLC Has $3.26 Million Position in Honeywell International Inc. (HON)
Abbrea Capital LLC boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,124 shares of the conglomerate’s stock after buying an additional 1,270 shares during the period. Honeywell International accounts for approximately 1.3% of Abbrea Capital LLC’s portfolio, making the stock its 17th largest position. Abbrea Capital LLC’s holdings in Honeywell International were worth $3,262,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HON. Ameriprise Financial Inc. raised its stake in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after buying an additional 773,734 shares during the period. Swiss National Bank raised its stake in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. CIBC World Markets Inc. raised its stake in shares of Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock worth $70,126,000 after buying an additional 543,617 shares during the period. Diamond Hill Capital Management Inc. raised its stake in shares of Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock worth $113,628,000 after buying an additional 542,474 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Honeywell International during the first quarter worth about $61,656,000. Institutional investors own 75.89% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded up 0.13% during trading on Monday, hitting $137.00. 189,371 shares of the stock traded hands. The company has a market cap of $104.20 billion, a price-to-earnings ratio of 21.24 and a beta of 0.94. The firm’s 50-day moving average price is $136.74 and its 200-day moving average price is $130.72. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. Honeywell International’s revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
HON has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating on shares of Honeywell International in a research note on Friday, May 26th. HSBC Holdings plc initiated coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. BidaskClub upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $141.18.
In related news, SVP Katherine L. Adams sold 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.24, for a total transaction of $137,240.00. Following the sale, the senior vice president now owns 180,211 shares in the company, valued at approximately $24,732,157.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now owns 1,363 shares in the company, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock worth $48,886,463 in the last 90 days. 1.56% of the stock is currently owned by corporate insiders.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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