Terra Nova Asset Management LLC Sells 36 Shares of Honeywell International Inc. (HON)
Terra Nova Asset Management LLC reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 6,844 shares of the conglomerate’s stock after selling 36 shares during the period. Honeywell International makes up approximately 1.7% of Terra Nova Asset Management LLC’s portfolio, making the stock its 24th largest position. Terra Nova Asset Management LLC’s holdings in Honeywell International were worth $912,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Koshinski Asset Management Inc. raised its stake in Honeywell International by 25.0% in the first quarter. Koshinski Asset Management Inc. now owns 4,979 shares of the conglomerate’s stock valued at $622,000 after buying an additional 997 shares during the last quarter. Lynch & Associates IN raised its stake in Honeywell International by 2.8% in the first quarter. Lynch & Associates IN now owns 37,198 shares of the conglomerate’s stock valued at $4,645,000 after buying an additional 1,000 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in Honeywell International by 5.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 12,868 shares of the conglomerate’s stock valued at $1,607,000 after buying an additional 609 shares during the last quarter. Addenda Capital Inc. raised its stake in Honeywell International by 5.2% in the first quarter. Addenda Capital Inc. now owns 59,707 shares of the conglomerate’s stock valued at $7,455,000 after buying an additional 2,945 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Honeywell International by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 224,861 shares of the conglomerate’s stock valued at $28,078,000 after buying an additional 5,200 shares during the last quarter. 76.49% of the stock is currently owned by institutional investors.
Shares of Honeywell International Inc. (HON) traded down 0.57% on Tuesday, reaching $137.48. 651,992 shares of the company were exchanged. The stock has a 50 day moving average of $136.05 and a 200-day moving average of $129.73. The company has a market capitalization of $104.56 billion, a P/E ratio of 21.32 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 13.89% and a return on equity of 27.40%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. On average, analysts predict that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
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Several research firms have commented on HON. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Cowen and Company reaffirmed an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $139.00 price target (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank Of Canada upped their price target on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $139.17.
In related news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the sale, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 473,229 shares of company stock worth $64,546,642. 1.56% of the stock is owned by insiders.
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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