WealthPLAN Partners LLC purchased a new stake in Honeywell International Inc. (NYSE:HON) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,918 shares of the conglomerate’s stock, valued at approximately $389,000.
Other hedge funds also recently bought and sold shares of the company. Burt Wealth Advisors grew its position in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the last quarter. Mosaic Family Wealth LLC grew its position in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the last quarter. Guidant Wealth Advisors grew its position in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the last quarter. CKW Financial Group bought a new position in Honeywell International in the second quarter valued at about $108,000. Finally, Hanson McClain Inc. grew its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.
In related news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Cowen reiterated an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Jefferies Group reiterated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Morgan Stanley lifted their target price on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average price target of $154.00.
Honeywell International Inc. (HON) traded up $0.52 during trading hours on Wednesday, hitting $153.58. The stock had a trading volume of 670,282 shares, compared to its average volume of 2,712,156. The company has a market capitalization of $117,145.48, a PE ratio of 22.13, a P/E/G ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 52 week low of $112.66 and a 52 week high of $156.70.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 earnings per share. equities analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, November 16th. Honeywell International’s payout ratio is 45.15%.
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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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