Artemis Investment Management LLP Boosts Stake in Honeywell International Inc. (HON)
Artemis Investment Management LLP raised its position in Honeywell International Inc. (NYSE:HON) by 206.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,400 shares of the company’s stock after buying an additional 87,880 shares during the period. Artemis Investment Management LLP’s holdings in Honeywell International were worth $15,169,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Kanaly Trust Co boosted its stake in shares of Honeywell International by 0.8% in the second quarter. Kanaly Trust Co now owns 1,823 shares of the company’s stock worth $212,000 after buying an additional 14 shares during the period. Arvest Bank Trust Division boosted its stake in shares of Honeywell International by 0.7% in the first quarter. Arvest Bank Trust Division now owns 3,402 shares of the company’s stock worth $381,000 after buying an additional 25 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of Honeywell International by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 4,570 shares of the company’s stock worth $532,000 after buying an additional 27 shares during the period. Bollard Group LLC boosted its stake in shares of Honeywell International by 0.4% in the second quarter. Bollard Group LLC now owns 12,485 shares of the company’s stock worth $1,452,000 after buying an additional 46 shares during the period. Finally, Mount Vernon Associates Inc. MD boosted its stake in shares of Honeywell International by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 14,957 shares of the company’s stock worth $1,740,000 after buying an additional 50 shares during the period. 76.50% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) traded up 0.34% on Friday, hitting $116.59. 3,837,728 shares of the stock traded hands. The stock has a 50-day moving average price of $115.68 and a 200 day moving average price of $115.01. The stock has a market cap of $88.71 billion, a P/E ratio of 18.44 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $93.71 and a 12-month high of $120.02.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. On average, equities analysts expect that Honeywell International Inc. will post $6.67 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a $0.595 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 annualized dividend and a yield of 2.04%. Honeywell International’s dividend payout ratio is 37.66%.
A number of analysts recently weighed in on the stock. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Barclays PLC upped their price objective on shares of Honeywell International from $127.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, July 25th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Monday, June 27th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average price target of $122.41.
In other news, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $116.29, for a total transaction of $69,774.00. Following the sale, the insider now directly owns 68,398 shares in the company, valued at approximately $7,954,003.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, the insider now owns 66,441 shares in the company, valued at $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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