Bruderman Asset Management LLC Invests $141,000 in Honeywell International Inc. (HON)
Bruderman Asset Management LLC acquired a new stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,055 shares of the conglomerate’s stock, valued at approximately $141,000.
Several other institutional investors have also recently made changes to their positions in HON. Captrust Financial Advisors purchased a new stake in Honeywell International during the 2nd quarter valued at about $907,000. Norinchukin Bank The boosted its holdings in Honeywell International by 4.2% during the 2nd quarter. Norinchukin Bank The now owns 92,123 shares of the conglomerate’s stock valued at $12,279,000 after acquiring an additional 3,671 shares during the period. Bridgewater Associates LP boosted its holdings in Honeywell International by 48.5% during the 2nd quarter. Bridgewater Associates LP now owns 12,996 shares of the conglomerate’s stock valued at $1,732,000 after acquiring an additional 4,243 shares during the period. Ameriprise Financial Inc. boosted its holdings in Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after acquiring an additional 3,728,533 shares during the period. Finally, Chemical Bank boosted its holdings in Honeywell International by 8.8% during the 2nd quarter. Chemical Bank now owns 23,188 shares of the conglomerate’s stock valued at $3,090,000 after acquiring an additional 1,876 shares during the period. Hedge funds and other institutional investors own 75.20% of the company’s stock.
HON has been the subject of several analyst reports. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, August 17th. Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a report on Thursday, September 21st. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $150.79.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
Honeywell International Inc. (HON) traded up $0.67 during mid-day trading on Monday, reaching $149.66. The company had a trading volume of 1,196,200 shares, compared to its average volume of 2,690,883. Honeywell International Inc. has a one year low of $112.17 and a one year high of $150.43. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $114,010.00, a price-to-earnings ratio of 21.53, a PEG ratio of 2.30 and a beta of 0.97.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same quarter last year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. equities research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
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About Honeywell International
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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