Planning Alternatives Ltd. ADV Invests $208,000 in Honeywell International Inc. (HON)
Planning Alternatives Ltd. ADV acquired a new position in shares of Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,562 shares of the conglomerate’s stock, valued at approximately $208,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HON. Hanson McClain Inc. increased its holdings in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares in the last quarter. Jolley Asset Management LLC increased its holdings in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after purchasing an additional 50 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after purchasing an additional 335 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in shares of Honeywell International by 48.4% in the second quarter. Enterprise Financial Services Corp now owns 923 shares of the conglomerate’s stock valued at $123,000 after purchasing an additional 301 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 340 shares in the last quarter. 75.77% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on HON. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Thursday, September 28th. Morgan Stanley raised their price target on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Thursday, September 21st. Finally, Royal Bank Of Canada set a $148.00 price target on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $143.30.
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Shares of Honeywell International Inc. (HON) opened at 143.62 on Friday. Honeywell International Inc. has a 52-week low of $105.26 and a 52-week high of $143.75. The company has a market capitalization of $109.23 billion, a PE ratio of 22.27 and a beta of 0.95. The company has a 50-day moving average of $138.84 and a 200 day moving average of $133.72. Honeywell International also was the target of unusually large options trading activity on Thursday. Traders bought 17,188 call options on the company. This represents an increase of 570% compared to the average daily volume of 2,566 call options.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.68% and a return on equity of 26.60%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $1.70 earnings per share. Analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the transaction, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 294,155 shares in the company, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock worth $48,886,463 over the last ninety days. Insiders own 1.56% of the company’s stock.
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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