Adalta Capital Management LLC Takes Position in Honeywell International Inc. (HON)
Adalta Capital Management LLC bought a new position in Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 3,228 shares of the conglomerate’s stock, valued at approximately $403,000.
Other institutional investors also recently made changes to their positions in the company. Addenda Capital Inc. boosted its position in shares of Honeywell International by 5.2% in the first quarter. Addenda Capital Inc. now owns 59,707 shares of the conglomerate’s stock worth $7,455,000 after buying an additional 2,945 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Honeywell International by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 224,861 shares of the conglomerate’s stock worth $28,078,000 after buying an additional 5,200 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of Honeywell International by 3.1% in the first quarter. Chesley Taft & Associates LLC now owns 146,182 shares of the conglomerate’s stock worth $18,254,000 after buying an additional 4,329 shares during the period. Forte Capital LLC ADV boosted its position in shares of Honeywell International by 13.5% in the first quarter. Forte Capital LLC ADV now owns 4,034 shares of the conglomerate’s stock worth $504,000 after buying an additional 480 shares during the period. Finally, Trust Co. of Oklahoma boosted its position in shares of Honeywell International by 4.0% in the first quarter. Trust Co. of Oklahoma now owns 23,895 shares of the conglomerate’s stock worth $2,984,000 after buying an additional 926 shares during the period. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Honeywell International Inc. (NYSE HON) traded up 1.02% on Monday, hitting $137.98. The stock had a trading volume of 372,275 shares. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21. The company has a market cap of $104.94 billion, a P/E ratio of 21.40 and a beta of 0.94. The firm’s 50-day moving average is $135.93 and its 200-day moving average is $129.42.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the company earned $1.70 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given 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 yield of 1.95%. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
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HON has been the subject of a number of research analyst reports. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Cowen and Company reissued an “outperform” rating and set a $150.00 price target (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Credit Suisse Group reissued a “neutral” rating and set a $139.00 price target (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank Of Canada raised their price target on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $139.17.
In other Honeywell International news, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total value of $726,658.80. Following the transaction, the vice president now owns 3,141 shares in the company, valued at approximately $414,235.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $131.71, for a total transaction of $451,765.30. Following the completion of the transaction, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 473,229 shares of company stock valued at $64,546,642. 1.56% of the stock is 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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