Capital Insight Partners LLC Has $2.73 Million Position in Honeywell International Inc. (NYSE:HON)
Capital Insight Partners LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,510 shares of the conglomerate’s stock after selling 623 shares during the period. Honeywell International accounts for 2.4% of Capital Insight Partners LLC’s investment portfolio, making the stock its 9th largest position. Capital Insight Partners LLC’s holdings in Honeywell International were worth $2,734,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crestwood Advisors Group LLC bought a new position in shares of Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. increased its position 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 during the period. Hanson McClain Inc. increased its position 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 during the period. Jolley Asset Management LLC increased its position in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the period. Finally, MCF Advisors LLC increased its position 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 during the period. Institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.94% during midday trading on Monday, hitting $137.88. The stock had a trading volume of 740,365 shares. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The company’s 50-day moving average price is $135.93 and its 200-day moving average price is $129.42. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of 21.38 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the business posted $1.70 earnings per share. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders 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 dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
Several brokerages have weighed in on HON. HSBC Holdings plc began coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. Stifel Nicolaus lifted their target price on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $148.00 price target on shares of Honeywell International in a report on Tuesday, April 25th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $122.00 price target on shares of Honeywell International in a report on Friday, April 21st. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.17.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders sold 473,229 shares of company stock worth $64,546,642 over the last ninety days. 1.56% of the stock is currently owned by company 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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