Honeywell International Inc. (HON) Position Cut by SOL Capital Management CO
SOL Capital Management CO reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,338 shares of the conglomerate’s stock after selling 620 shares during the period. SOL Capital Management CO’s holdings in Honeywell International were worth $1,511,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after buying an additional 773,734 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares during the last quarter. Swiss National Bank increased its stake 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 last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Honeywell International by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,343,756 shares of the conglomerate’s stock worth $292,665,000 after buying an additional 106,870 shares during the last quarter. Finally, AGF Investments Inc. increased its stake in shares of Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after buying an additional 105,943 shares during the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.21% during trading on Friday, reaching $136.82. The company’s stock had a trading volume of 1,996,454 shares. The stock’s 50 day moving average price is $136.74 and its 200 day moving average price is $130.72. The company has a market cap of $104.06 billion, a PE ratio of 21.22 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 issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. Honeywell International’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. Equities research analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
HON has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Thursday, July 20th. BidaskClub downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 31st. 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. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $141.18.
In other news, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.02, for a total value of $110,027.06. Following the completion of the transaction, the chief financial officer now directly owns 5,702 shares in the company, valued at $781,288.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by company insiders.
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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