Klingenstein Fields & Co. LLC Has $37.18 Million Stake in Honeywell International Inc. (HON)
Klingenstein Fields & Co. LLC cut its holdings in Honeywell International Inc. (NYSE:HON) by 31.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 233,982 shares of the conglomerate’s stock after selling 109,434 shares during the quarter. Honeywell International makes up about 2.0% of Klingenstein Fields & Co. LLC’s holdings, making the stock its 9th largest holding. Klingenstein Fields & Co. LLC’s holdings in Honeywell International were worth $37,184,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of HON. Searle & CO. boosted its position in Honeywell International by 0.3% during the 1st quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock worth $3,122,000 after acquiring an additional 62 shares during the last quarter. Nachman Norwood & Parrott Inc boosted its position in Honeywell International by 1.6% during the 1st quarter. Nachman Norwood & Parrott Inc now owns 4,141 shares of the conglomerate’s stock worth $658,000 after acquiring an additional 66 shares during the last quarter. Wealthsource Partners LLC boosted its position in Honeywell International by 4.0% during the 4th quarter. Wealthsource Partners LLC now owns 1,786 shares of the conglomerate’s stock worth $236,000 after acquiring an additional 68 shares during the last quarter. Fagan Associates Inc. boosted its position in Honeywell International by 1.3% during the 4th quarter. Fagan Associates Inc. now owns 5,555 shares of the conglomerate’s stock worth $734,000 after acquiring an additional 72 shares during the last quarter. Finally, Signature Wealth Management Group boosted its position in Honeywell International by 1.6% during the 1st quarter. Signature Wealth Management Group now owns 4,609 shares of the conglomerate’s stock worth $732,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.
HON has been the subject of a number of recent research reports. Morgan Stanley upped their price target on Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Deutsche Bank upped their price target on Honeywell International to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Credit Suisse Group upped their price target on Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average price target of $175.20.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, beating the consensus estimate of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, sell-side analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, May 23rd. Honeywell International’s payout ratio is presently 40.95%.
In other news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the sale, the insider now directly owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.
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Honeywell International Company 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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