Picton Mahoney Asset Management Purchases 1,600 Shares of Honeywell International Inc. (HON)
Picton Mahoney Asset Management boosted its position in Honeywell International Inc. (NYSE:HON) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,775 shares of the conglomerate’s stock after purchasing an additional 1,600 shares during the quarter. Picton Mahoney Asset Management’s holdings in Honeywell International were worth $7,434,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HON. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Addison Capital Co raised its position in shares of Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after buying an additional 7 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after buying an additional 14 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after buying an additional 16 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its position in shares of Honeywell International by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.
A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Deutsche Bank restated a “buy” rating and set a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Credit Suisse Group restated a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Royal Bank Of Canada boosted their price target on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Finally, Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Honeywell International has an average rating of “Buy” and an average target price of $154.00.
Shares of Honeywell International Inc. (NYSE:HON) traded up $0.38 on Monday, hitting $153.66. 1,482,400 shares of the stock traded hands, compared to its average volume of 2,704,930. The firm has a market cap of $117,061.69, a PE ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. Honeywell International Inc. has a 12 month low of $113.60 and a 12 month high of $156.70.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. equities research analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.745 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 45.15%.
In other news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Honeywell International 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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