Hudock Capital Group LLC Boosts Position in Honeywell International Inc. (HON)
Hudock Capital Group LLC boosted its holdings in Honeywell International Inc. (NYSE:HON) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,041 shares of the conglomerate’s stock after purchasing an additional 14 shares during the quarter. Hudock Capital Group LLC’s holdings in Honeywell International were worth $538,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HON. Clearbridge Investments LLC grew its position in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC grew its position in Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the period. Ameriprise Financial Inc. grew its position in Honeywell International by 8.8% in the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the period. American Century Companies Inc. grew its position in Honeywell International by 450.7% in the 2nd quarter. American Century Companies Inc. now owns 900,836 shares of the conglomerate’s stock valued at $120,072,000 after purchasing an additional 737,262 shares during the period. Finally, Swiss National Bank grew its position in Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on HON shares. Cowen and Company reissued a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a research report on Monday, July 17th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada lifted their price target on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. lifted their price target on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $150.79.
Shares of Honeywell International Inc. (HON) opened at $144.97 on Monday. The company has a market capitalization of $110,441.45, a price-to-earnings ratio of 20.86, a PEG ratio of 2.22 and a beta of 0.97. Honeywell International Inc. has a 52 week low of $108.01 and a 52 week high of $147.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. research analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s payout ratio is presently 40.30%.
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In other news, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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