Watch Point Trust Co bought a new stake in Honeywell International Inc. (NYSE:HON) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,391 shares of the conglomerate’s stock, valued at approximately $243,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thoroughbred Financial Services LLC raised its position in Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after acquiring an additional 2,539,617 shares during the period. Janus Henderson Group PLC lifted its stake in Honeywell International by 131.0% in the second quarter. Janus Henderson Group PLC now owns 2,838,990 shares of the conglomerate’s stock worth $495,664,000 after purchasing an additional 1,610,006 shares during the last quarter. Millennium Management LLC lifted its stake in Honeywell International by 146.7% in the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after purchasing an additional 1,308,339 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Honeywell International by 8.5% in the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after purchasing an additional 544,684 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Honeywell International by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares during the last quarter. Hedge funds and other institutional investors own 77.29% of the company’s stock.
In related news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $1,178,529.76. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.
HON has been the subject of several recent research reports. Barclays boosted their price target on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Citigroup set a $197.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Morgan Stanley boosted their price target on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Cowen reissued a “buy” rating and issued a $180.00 price target on shares of Honeywell International in a research note on Friday, August 2nd. Finally, Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $184.08.
Shares of NYSE:HON traded down $1.04 during midday trading on Thursday, hitting $163.00. 54,682 shares of the stock traded hands, compared to its average volume of 2,508,685. The stock has a market cap of $118.72 billion, a PE ratio of 20.30, a PEG ratio of 2.20 and a beta of 1.09. The stock’s 50 day simple moving average is $172.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. Honeywell International Inc. has a one year low of $123.48 and a one year high of $178.47.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
Honeywell International Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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