Family Firm Inc. Has $285,000 Stake in Honeywell International Inc. (HON)
Family Firm Inc. lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 15.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,136 shares of the conglomerate’s stock after purchasing an additional 290 shares during the period. Family Firm Inc.’s holdings in Honeywell International were worth $285,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Hanson McClain Inc. raised its stake in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co raised its stake in Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after acquiring an additional 7 shares during the period. Keel Point LLC raised its stake in Honeywell International by 0.3% in the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after acquiring an additional 10 shares during the period. Point View Wealth Management Inc. raised its stake in Honeywell International by 1.0% in the 1st quarter. Point View Wealth Management Inc. now owns 1,871 shares of the conglomerate’s stock valued at $234,000 after acquiring an additional 19 shares during the period. Finally, CWM LLC raised its stake in Honeywell International by 1.9% in the 2nd quarter. CWM LLC now owns 1,045 shares of the conglomerate’s stock valued at $139,000 after acquiring an additional 19 shares during the period. Institutional investors own 75.93% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) opened at $144.97 on Friday. The firm has a market capitalization of $110.78 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 EPS. equities research analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio is 40.30%.
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In related news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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. Corporate insiders own 1.56% of the company’s stock.
A number of research firms recently weighed in on HON. Credit Suisse Group restated a “neutral” rating and issued a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Royal Bank Of Canada increased their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Vertical Research restated a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen and Company restated a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a research note on Thursday, October 19th. Finally, Argus increased their price target on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus price target of $150.79.
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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