NS Partners Ltd Increases Position in Honeywell International Inc. (HON)
NS Partners Ltd boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 91,745 shares of the conglomerate’s stock after buying an additional 76 shares during the period. Honeywell International comprises about 1.6% of NS Partners Ltd’s holdings, making the stock its 12th largest position. NS Partners Ltd’s holdings in Honeywell International were worth $11,456,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of HON. Chevy Chase Trust Holdings Inc. raised its position in Honeywell International by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 663,707 shares of the conglomerate’s stock worth $82,874,000 after buying an additional 19,326 shares during the period. First American Trust FSB raised its position in Honeywell International by 16.9% in the first quarter. First American Trust FSB now owns 39,368 shares of the conglomerate’s stock worth $4,916,000 after buying an additional 5,687 shares during the period. Swarthmore Group Inc. raised its position in Honeywell International by 39.7% in the first quarter. Swarthmore Group Inc. now owns 4,400 shares of the conglomerate’s stock worth $549,000 after buying an additional 1,250 shares during the period. Peachtree Investment Advisors Inc. raised its position in Honeywell International by 28.6% in the first quarter. Peachtree Investment Advisors Inc. now owns 2,695 shares of the conglomerate’s stock worth $337,000 after buying an additional 600 shares during the period. Finally, Independence Advisors LLC raised its position in Honeywell International by 3.5% in the first quarter. Independence Advisors LLC now owns 1,945 shares of the conglomerate’s stock worth $243,000 after buying an additional 65 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.18% during trading on Friday, reaching $137.49. The company had a trading volume of 604,666 shares. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21. The stock has a market capitalization of $104.57 billion, a price-to-earnings ratio of 21.32 and a beta of 0.94. The stock has a 50 day moving average of $135.86 and a 200 day moving average of $129.28.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the business earned $1.70 earnings per share. Honeywell International’s revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current 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 paid a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.94%. Honeywell International’s payout ratio is currently 41.24%.
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HON has been the subject of a number of recent research reports. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research lowered 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 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 from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $139.17.
In other Honeywell International news, SVP Katherine L. Adams sold 116,021 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $131.70, for a total value of $15,279,965.70. Following the sale, the senior vice president now owns 286,199 shares in the company, valued at $37,692,408.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley T. Sheares sold 3,430 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $131.71, for a total transaction of $451,765.30. Following the completion of the sale, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. Insiders sold 473,229 shares of company stock worth $64,546,642 in the last 90 days. 1.56% of the stock is owned by company 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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