Two Sigma Securities LLC Buys New Position in Honeywell International Inc. (HON)
Two Sigma Securities LLC bought a new stake in Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,432 shares of the conglomerate’s stock, valued at approximately $1,802,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of HON. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. raised its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. raised its position 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 buying an additional 3 shares during the period. MCF Advisors LLC raised its position 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 buying an additional 335 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after buying an additional 124 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (HON) traded down 0.47% during mid-day trading on Friday, hitting $136.59. The stock had a trading volume of 2,347,107 shares. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.21. The stock has a market cap of $103.89 billion, a P/E ratio of 21.18 and a beta of 0.94. The stock has a 50-day moving average price of $135.93 and a 200 day moving average price of $129.42.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the consensus estimate 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 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 quarter last year, the firm posted $1.70 EPS. On average, equities analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.95%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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Several research analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. HSBC Holdings plc assumed coverage on Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $148.00 target price on shares of Honeywell International in a research report on Tuesday, April 25th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a research report on Friday, April 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $139.17.
In related news, Director Bradley T. Sheares sold 3,430 shares of Honeywell International stock in a transaction on Friday, May 19th. The shares were sold at an average price of $131.71, for a total value of $451,765.30. Following the transaction, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 116,021 shares of Honeywell International stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the completion of the transaction, the senior vice president now owns 286,199 shares in the company, valued at approximately $37,692,408.30. The disclosure for this sale can be found here. Insiders sold a total of 473,229 shares of company stock worth $64,546,642 in the last quarter. 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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