Russell Investments Group Ltd. Sells 108,361 Shares of Honeywell International Inc. (HON)
Russell Investments Group Ltd. reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,621,588 shares of the conglomerate’s stock after selling 108,361 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Honeywell International worth $216,127,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HON. FTB Advisors Inc. increased its position in shares of Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after buying an additional 423 shares during the period. Swiss National Bank increased its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock worth $172,401,000 after buying an additional 74,611 shares during the period. Korea Investment CORP increased its position in shares of Honeywell International by 50.1% in the first quarter. Korea Investment CORP now owns 533,768 shares of the conglomerate’s stock worth $66,652,000 after buying an additional 178,120 shares during the period. Finally, Mycio Wealth Partners LLC increased its position in shares of Honeywell International by 88.6% in the first quarter. Mycio Wealth Partners LLC now owns 3,964 shares of the conglomerate’s stock worth $495,000 after buying an additional 1,862 shares during the period. Hedge funds and other institutional investors own 75.89% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.46% during trading on Friday, hitting $137.63. The stock had a trading volume of 1,759,337 shares. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The company has a market capitalization of $104.68 billion, a P/E ratio of 21.34 and a beta of 0.94. The firm has a 50-day moving average of $137.17 and a 200 day moving average of $131.32.
Honeywell International (NYSE:HON) last issued its quarterly earnings data 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. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
HON has been the subject of a number of analyst reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Thursday, July 20th. BidaskClub cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research report on Tuesday, August 22nd. Royal Bank Of Canada boosted their price objective on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $141.00 price objective (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $141.18.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock valued at $48,886,463 over the last three months. Insiders own 1.56% of the company’s stock.
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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