Honeywell International Inc. (NYSE:HON) Shares Bought by Montag A & Associates Inc.
Montag A & Associates Inc. grew its position in Honeywell International Inc. (NYSE:HON) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,842 shares of the conglomerate’s stock after purchasing an additional 1,676 shares during the quarter. Montag A & Associates Inc.’s holdings in Honeywell International were worth $3,019,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lenox Wealth Advisors LLC grew its position in shares of Honeywell International by 453.8% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Honeywell International during the 2nd quarter worth $25,000. Investors Research Corp grew its position in Honeywell International by 678.3% during the 3rd quarter. Investors Research Corp now owns 179 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 156 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new position in Honeywell International during the 2nd quarter worth $31,000. Finally, Transamerica Financial Advisors Inc. grew its position in Honeywell International by 2,371.4% during the 2nd quarter. Transamerica Financial Advisors Inc. now owns 173 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.
HON has been the topic of several research reports. Credit Suisse Group raised their price objective on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Barclays raised their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $178.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Citigroup raised their price objective on shares of Honeywell International from $189.00 to $197.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $185.80.
Honeywell International (NYSE:HON) last issued its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. The business had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 8.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.90 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.99%. Honeywell International’s payout ratio is presently 40.95%.
In other news, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Darius Adamczyk sold 7,149 shares of Honeywell International stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the sale, the chairman now directly owns 75,521 shares in the company, valued at approximately $12,467,006.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,133 shares of company stock worth $4,141,655. Insiders own 0.73% of the company’s stock.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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