Mission Wealth Management LP Boosts Stake in Honeywell International Inc. (NYSE:HON)
Mission Wealth Management LP raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 9,517 shares of the conglomerate’s stock after acquiring an additional 219 shares during the quarter. Mission Wealth Management LP’s holdings in Honeywell International were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of HON. Campbell Wealth Management purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC raised its stake in Honeywell International by 73.0% during the 3rd quarter. Crewe Advisors LLC now owns 173 shares of the conglomerate’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. CVA Family Office LLC purchased a new stake in Honeywell International during the 1st quarter valued at approximately $32,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $33,000. Finally, Rockbridge Investment Management LCC purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $33,000. 75.30% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Darius Adamczyk sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $163.95, for a total value of $3,279,000.00. Following the sale, the chief executive officer now owns 200,677 shares of the company’s stock, valued at approximately $32,900,994.15. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 24th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Honeywell International had a return on equity of 29.93% and a net margin of 16.94%. The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same quarter in the prior year, the company earned $2.10 EPS. Honeywell International’s revenue was down 19.1% on a year-over-year basis. Research analysts expect that Honeywell International Inc. will post 6.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a $0.93 dividend. The ex-dividend date is Thursday, November 12th. This represents a $3.72 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.90. Honeywell International’s dividend payout ratio is presently 44.12%.
Several equities analysts have issued reports on HON shares. Cowen started coverage on Honeywell International in a research report on Sunday, July 26th. They set a “buy” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Honeywell International from $185.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Credit Suisse Group boosted their target price on Honeywell International from $166.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Robert W. Baird boosted their target price on Honeywell International from $150.00 to $167.00 in a research report on Monday, July 27th. Finally, Morgan Stanley boosted their target price on Honeywell International from $160.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $163.17.
Honeywell International Company 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.
Read More: Trading Strategy Examples and Plans
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.