Hartford Investment Management Co. lowered its position in shares of Honeywell International Inc. (NYSE:HON) by 3.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 174,157 shares of the conglomerate’s stock after selling 6,936 shares during the period. Hartford Investment Management Co.’s holdings in Honeywell International were worth $23,213,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in shares of Honeywell International by 80.2% during the second quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock worth $4,436,000 after acquiring an additional 14,816 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Honeywell International by 0.9% during the first quarter. Mason Street Advisors LLC now owns 105,191 shares of the conglomerate’s stock worth $13,135,000 after acquiring an additional 936 shares during the last quarter. FTB Advisors Inc. grew its position in shares of Honeywell International by 24.9% during the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after acquiring an additional 423 shares during the last quarter. Swiss National Bank grew its position in shares of Honeywell International by 27.4% during the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after acquiring an additional 552,100 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. grew its position in shares of Honeywell International by 2.1% during the second quarter. Schmidt P J Investment Management Inc. now owns 30,540 shares of the conglomerate’s stock worth $4,071,000 after acquiring an additional 627 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
Several equities analysts have recently commented on the stock. Cowen and Company restated an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, Morgan Stanley increased their target price on shares of Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus price target of $141.24.
Shares of Honeywell International Inc. (HON) traded up 1.27% during midday trading on Friday, reaching $138.95. 4,594,069 shares of the company’s stock were exchanged. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The company has a market capitalization of $105.68 billion, a PE ratio of 21.55 and a beta of 0.94. The firm has a 50-day moving average of $137.53 and a 200-day moving average of $132.16.
Honeywell International (NYSE:HON) last announced its quarterly earnings data 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 firm had revenue of $10.08 billion during 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%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. Equities analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.91%. Honeywell International’s payout ratio is currently 41.24%.
In other news, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linnet F. Deily sold 4,344 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock valued at $48,886,463 over the last 90 days. Corporate insiders own 1.56% of the company’s stock.
Honeywell International 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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