Honeywell International Inc. (HON) Position Raised by Pacific Center for Financial Services
Pacific Center for Financial Services raised its position in shares of Honeywell International Inc. (NYSE:HON) by 61.7% during the first quarter, Holdings Channel reports. The firm owned 1,336 shares of the conglomerate’s stock after buying an additional 510 shares during the period. Pacific Center for Financial Services’ holdings in Honeywell International were worth $167,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Crestwood Advisors Group LLC purchased a new position in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. increased its position in 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 in the last quarter. Hanson McClain Inc. increased its position in 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 in the last quarter. MCF Advisors LLC increased its position in 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 in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock worth $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.
Honeywell International Inc. (NYSE:HON) traded up 0.84% during mid-day trading on Wednesday, reaching $137.91. The company had a trading volume of 455,373 shares. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21. The company’s 50 day moving average is $136.15 and its 200 day moving average is $129.87. The stock has a market capitalization of $104.89 billion, a price-to-earnings ratio of 21.38 and a beta of 0.94.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Equities analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is currently 41.24%.
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A number of research firms have commented on HON. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Cowen and Company reaffirmed an “outperform” rating and set a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 target price (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $139.17.
In other news, SVP Katherine L. Adams sold 116,021 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total value of $15,279,965.70. Following the transaction, the senior vice president now directly owns 286,199 shares of the company’s stock, valued at approximately $37,692,408.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the completion of the transaction, the director now directly owns 8,731 shares in the company, valued at $1,149,960.01. The disclosure for this sale can be found here. Insiders sold a total of 473,229 shares of company stock worth $64,546,642 over the last three months. 1.56% of the stock is owned by company insiders.
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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