Honeywell International Inc. (HON) Shares Bought by First Interstate Bank
First Interstate Bank boosted its position in shares of Honeywell International Inc. (NYSE:HON) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,195 shares of the conglomerate’s stock after buying an additional 57 shares during the period. First Interstate Bank’s holdings in Honeywell International were worth $159,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC increased its position in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the period. Guidant Wealth Advisors increased its position in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the period. Jolley Asset Management LLC increased its position in Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the period. CKW Financial Group acquired a new position in Honeywell International during the second quarter worth approximately $108,000. Finally, Hanson McClain Inc. increased its position in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. 75.93% of the stock is currently owned by institutional investors.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the firm earned $1.60 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 40.30%.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
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Several research firms have commented on HON. Royal Bank Of Canada lifted their price target on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Credit Suisse Group reaffirmed a “neutral” rating and set a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, October 23rd. Citigroup Inc. lifted their price target on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average 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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