Rikoon Group LLC Has $1,915,000 Holdings in Honeywell International Inc. (HON)
Rikoon Group LLC maintained its stake in Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,374 shares of the conglomerate’s stock at the end of the 2nd quarter. Rikoon Group LLC’s holdings in Honeywell International were worth $1,915,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HON. Burt Wealth Advisors lifted its holdings in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares in the last quarter. Guidant Wealth Advisors lifted its holdings in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares in the last quarter. CKW Financial Group bought a new stake in shares of Honeywell International in the second quarter valued at about $108,000. Finally, Hanson McClain Inc. lifted 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. 76.04% of the stock is owned by institutional investors and hedge funds.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s 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 completion of the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
Shares of Honeywell International Inc. (HON) traded down $2.57 during midday trading on Friday, reaching $153.23. The company’s stock had a trading volume of 3,142,000 shares, compared to its average volume of 2,721,400. The firm has a market capitalization of $117,911.05, a P/E ratio of 22.42, a PEG ratio of 2.39 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 1 year low of $113.60 and a 1 year high of $156.70.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.07 EPS for the current fiscal year.
Honeywell International declared that its board has approved a stock repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 45.15%.
HON has been the topic of a number of research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, August 17th. Deutsche Bank restated a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Royal Bank of Canada boosted their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Jefferies Group restated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Thursday, September 28th. Finally, Citigroup set a $180.00 price target on Honeywell International and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $159.79.
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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