Honeywell International Inc. (HON) Shares Bought by Private Advisor Group LLC
Private Advisor Group LLC raised its position in shares of Honeywell International Inc. (NYSE:HON) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,757 shares of the conglomerate’s stock after buying an additional 3,014 shares during the period. Private Advisor Group LLC’s holdings in Honeywell International were worth $6,360,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. FTB Advisors Inc. boosted its stake in Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after buying an additional 423 shares during the period. Swiss National Bank boosted its stake in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock worth $172,401,000 after buying an additional 74,611 shares during the period. Korea Investment CORP boosted its stake in Honeywell International by 50.1% in the first quarter. Korea Investment CORP now owns 533,768 shares of the conglomerate’s stock worth $66,652,000 after buying an additional 178,120 shares during the period. Finally, Mycio Wealth Partners LLC boosted its stake in Honeywell International by 88.6% in the first quarter. Mycio Wealth Partners LLC now owns 3,964 shares of the conglomerate’s stock worth $495,000 after buying an additional 1,862 shares during the period. Institutional investors own 75.89% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded down 0.46% during mid-day trading on Friday, reaching $137.63. The company’s stock had a trading volume of 1,759,337 shares. The company has a market capitalization of $104.68 billion, a price-to-earnings ratio of 21.34 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The company’s 50 day moving average price is $137.17 and its 200-day moving average price is $131.32.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. Analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
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A number of equities research analysts have commented on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Thursday, July 20th. BidaskClub cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Tuesday, August 22nd. Royal Bank Of Canada increased their price target on Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $141.18.
In related news, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction that occurred on 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 owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction 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 sale, the insider now 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 90 days, insiders sold 354,108 shares of company stock worth $48,886,463. 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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