Strategic Advisors LLC Purchases 240 Shares of Honeywell International Inc. (HON)
Strategic Advisors LLC grew its position in shares of Honeywell International Inc. (NYSE:HON) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,304 shares of the conglomerate’s stock after buying an additional 240 shares during the period. Strategic Advisors LLC’s holdings in Honeywell International were worth $574,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares in the last quarter. Guidant Wealth Advisors boosted its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares in the last quarter. CKW Financial Group acquired a new stake in Honeywell International in the second quarter valued at about $108,000. Finally, Hanson McClain Inc. boosted its stake in 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 buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.
In other news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
Shares of Honeywell International Inc. (NYSE HON) opened at $149.66 on Friday. Honeywell International Inc. has a 12 month low of $112.17 and a 12 month high of $150.43. The company has a market capitalization of $114,014.43, a PE ratio of 21.53, a PEG ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period last year, the company earned $1.60 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts anticipate that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase 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 45.15%.
Several analysts recently weighed in on the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $150.00 price objective (up from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Royal Bank Of Canada raised their price objective on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen Inc reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a research note on Thursday, October 19th. Finally, Argus raised their price objective on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $150.79.
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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