Cambridge Trust Co. Increases Position in Honeywell International Inc. (HON)
Cambridge Trust Co. boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 1.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 200,242 shares of the conglomerate’s stock after buying an additional 3,308 shares during the period. Honeywell International comprises approximately 1.7% of Cambridge Trust Co.’s investment portfolio, making the stock its 15th largest position. Cambridge Trust Co.’s holdings in Honeywell International were worth $25,004,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC bought a new stake in shares of Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. boosted its stake in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. boosted its stake in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded down 0.47% during mid-day trading on Tuesday, reaching $137.62. The company’s stock had a trading volume of 330,420 shares. The stock has a market capitalization of $104.67 billion, a P/E ratio of 21.34 and a beta of 0.94. The company’s 50-day moving average price is $136.05 and its 200-day moving average price is $129.73. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 27.40% and a net margin of 13.89%. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the company posted $1.70 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
Several equities research analysts have recently weighed in on HON shares. HSBC Holdings plc started coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Honeywell International in a research report on Friday, May 26th. Jefferies Group LLC reiterated a “buy” rating and set a $141.00 price target on shares of Honeywell International in a research report on Wednesday, May 17th. Cowen and Company reiterated a “buy” rating on shares of Honeywell International in a research report on Monday, April 24th. Finally, Stifel Nicolaus upped their price target on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $139.17.
In other news, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares in the company, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 473,229 shares of company stock worth $64,546,642. Corporate insiders own 1.56% of the company’s stock.
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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