Braun Stacey Associates Inc. Grows Stake in Honeywell International Inc. (HON)
Braun Stacey Associates Inc. grew its position in Honeywell International Inc. (NYSE:HON) by 24.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 67,593 shares of the conglomerate’s stock after buying an additional 13,123 shares during the period. Braun Stacey Associates Inc.’s holdings in Honeywell International were worth $9,009,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. grew its stake in shares of Honeywell International by 331.4% during the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock worth $1,693,000 after purchasing an additional 10,413 shares during the period. Acadian Asset Management LLC grew its stake in shares of Honeywell International by 80.2% during the second quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock worth $4,436,000 after purchasing an additional 14,816 shares during the period. Buckingham Capital Management Inc. grew its stake in shares of Honeywell International by 3.1% during the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock worth $3,179,000 after purchasing an additional 766 shares during the period. Mason Street Advisors LLC grew its stake in shares of Honeywell International by 0.9% during the first quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock worth $13,135,000 after purchasing an additional 936 shares during the period. Finally, FTB Advisors Inc. grew its stake in shares of Honeywell International by 24.9% during the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after purchasing an additional 423 shares during the period. 75.77% of the stock is owned by institutional investors.
In other news, SVP Katherine L. Adams sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $137.24, for a total value of $137,240.00. Following the completion of the sale, the senior vice president now directly owns 180,211 shares in the company, valued at approximately $24,732,157.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is currently owned by company insiders.
Shares of Honeywell International Inc. (HON) opened at 142.55 on Thursday. The company has a market capitalization of $108.42 billion, a price-to-earnings ratio of 22.10 and a beta of 0.95. The stock has a 50 day moving average price of $138.47 and a 200-day moving average price of $133.53. Honeywell International Inc. has a one year low of $105.25 and a one year high of $143.15. Honeywell International also saw some unusual options trading on Monday. Stock investors bought 4,975 put options on the stock. This represents an increase of 394% compared to the typical volume of 1,008 put options.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.70 EPS. On average, equities research analysts expect that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
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A number of brokerages recently commented on HON. Oppenheimer Holdings, Inc. lifted their price objective on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Cowen and Company reaffirmed a “buy” rating and set a $140.00 price objective on shares of Honeywell International in a research note on Monday, July 17th. HSBC Holdings plc began coverage on Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective for the company. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Finally, Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.22.
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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