Nippon Life Global Investors Americas Inc. Has $5.42 Million Stake in Honeywell International Inc. (NYSE:HON)
Nippon Life Global Investors Americas Inc. lowered its stake in Honeywell International Inc. (NYSE:HON) by 13.7% during the first quarter, Holdings Channel reports. The firm owned 43,380 shares of the conglomerate’s stock after selling 6,860 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Honeywell International were worth $5,417,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter worth $100,000. Hanson McClain Inc. boosted its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Peoples Financial Services CORP. boosted its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock worth $138,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.47% during mid-day trading on Friday, hitting $136.59. The stock had a trading volume of 2,347,107 shares. The company has a market cap of $103.89 billion, a PE ratio of 21.18 and a beta of 0.94. The firm’s 50 day moving average price is $135.93 and its 200-day moving average price is $129.42. Honeywell International Inc. has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
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A number of research analysts recently weighed in on HON shares. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research cut Honeywell International from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Oppenheimer Holdings, Inc. lifted their target price on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 target price (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Honeywell International presently has an average rating of “Buy” and a consensus target price of $139.17.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the sale, the insider now owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders have sold 473,229 shares of company stock valued at $64,546,642 over the last 90 days. Corporate 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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