Oppenheimer Asset Management Inc. purchased a new stake in Honeywell International Inc. (NYSE:HON) during the first quarter, Holdings Channel reports. The institutional investor purchased 76,195 shares of the conglomerate’s stock, valued at approximately $9,515,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Waverton Investment Management Ltd increased its stake in shares of Honeywell International by 6.8% in the first quarter. Waverton Investment Management Ltd now owns 258,312 shares of the conglomerate’s stock valued at $32,255,000 after buying an additional 16,436 shares during the last quarter. Charter Trust Co. increased its stake in shares of Honeywell International by 5.2% in the first quarter. Charter Trust Co. now owns 14,109 shares of the conglomerate’s stock valued at $1,762,000 after buying an additional 699 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Honeywell International by 0.6% in the first quarter. Raymond James Trust N.A. now owns 68,837 shares of the conglomerate’s stock valued at $8,595,000 after buying an additional 435 shares during the last quarter. Eagle Capital Management LLC purchased a new stake in shares of Honeywell International during the first quarter valued at approximately $2,686,000. Finally, Indiana Trust & Investment Management CO increased its stake in shares of Honeywell International by 9.2% in the first quarter. Indiana Trust & Investment Management CO now owns 2,375 shares of the conglomerate’s stock valued at $297,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Shares of Honeywell International Inc. (HON) traded down 0.94% during trading on Thursday, hitting $137.70. 515,936 shares of the company’s stock were exchanged. The company has a market cap of $104.73 billion, a P/E ratio of 21.35 and a beta of 0.94. The company has a 50-day moving average of $135.77 and a 200-day moving average of $129.22. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. On average, equities analysts expect that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.

The business 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 $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.

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HON has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Honeywell International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Credit Suisse Group restated a “hold” rating and set a $122.00 price objective on shares of Honeywell International in a research report on Friday, April 21st. Royal Bank Of Canada raised their price objective on shares of Honeywell International from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Cowen and Company restated a “buy” rating on shares of Honeywell International in a research report on Monday, April 24th. Finally, Barclays PLC raised their price objective on shares of Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $139.17.

In other Honeywell International news, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the transaction, the vice president now owns 3,141 shares in the company, valued at approximately $414,235.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 473,229 shares of company stock valued at $64,546,642. 1.56% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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