Mark Sheptoff Financial Planning LLC Buys 325 Shares of Honeywell International Inc. (HON)
Mark Sheptoff Financial Planning LLC raised its stake in Honeywell International Inc. (NYSE:HON) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,180 shares of the conglomerate’s stock after buying an additional 325 shares during the quarter. Honeywell International makes up about 1.2% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 21st largest holding. Mark Sheptoff Financial Planning LLC’s holdings in Honeywell International were worth $1,757,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Clearbridge Investments LLC grew its holdings in Honeywell International by 69.2% during the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after acquiring an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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, Principal Financial Group Inc. boosted its position in shares of Honeywell International by 50.1% in the 2nd quarter. Principal Financial Group Inc. now owns 1,667,361 shares of the conglomerate’s stock valued at $222,242,000 after purchasing an additional 556,556 shares during the period. Institutional investors own 75.99% of the company’s stock.
HON has been the subject of a number of research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research report on Thursday, July 20th. Deutsche Bank AG restated a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research report on Thursday, September 21st. Citigroup Inc. raised their price objective on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Royal Bank Of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $155.00 price target (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus target price of $150.79.
Shares of Honeywell International Inc. (NYSE:HON) opened at $145.44 on Friday. The company has a market capitalization of $111,881.29, a PE ratio of 21.13, a P/E/G ratio of 2.25 and a beta of 0.97. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a fifty-two week low of $111.78 and a fifty-two week high of $147.51.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts expect that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is 40.30%.
In related news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate 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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