HM Payson & Co. Acquires 273 Shares of Honeywell International Inc. (HON)
HM Payson & Co. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,736 shares of the conglomerate’s stock after buying an additional 273 shares during the period. HM Payson & Co.’s holdings in Honeywell International were worth $1,091,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of HON. Crestwood Advisors Group LLC acquired a new position in shares of Honeywell International during the first quarter worth about $100,000. Peoples Financial Services CORP. boosted 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 worth $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. boosted 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 worth $101,000 after buying an additional 3 shares during the period. MCF Advisors LLC boosted 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 worth $117,000 after buying an additional 335 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock worth $124,000 after buying an additional 340 shares during the period. 76.49% of the stock is owned by institutional investors.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.84% during mid-day trading on Wednesday, hitting $137.91. 478,107 shares of the stock were exchanged. The firm has a market cap of $104.89 billion, a price-to-earnings ratio of 21.38 and a beta of 0.94. The stock has a 50-day moving average price of $136.15 and a 200 day moving average price of $129.87. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
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A number of research analysts recently issued reports on HON shares. HSBC Holdings plc started coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Honeywell International in a research report on Friday, May 26th. Jefferies Group LLC reissued 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 reissued a “buy” rating on shares of Honeywell International in a research report on Monday, April 24th. Finally, Stifel Nicolaus lifted their price target on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $139.17.
In other news, Director Bradley T. Sheares sold 3,430 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $131.71, for a total transaction of $451,765.30. Following the transaction, the director now owns 8,731 shares in the company, valued at $1,149,960.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total transaction of $726,658.80. Following the transaction, the vice president now owns 3,141 shares in the company, valued at approximately $414,235.08. The disclosure for this sale can be found here. In the last 90 days, insiders have 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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