Retirement Systems of Alabama Has $73,088,000 Position in Honeywell International Inc. (HON)
Retirement Systems of Alabama cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 628,334 shares of the company’s stock after selling 2,355 shares during the period. Retirement Systems of Alabama owned approximately 0.08% of Honeywell International worth $73,088,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in HON. Capstone Asset Management Co. boosted its stake in shares of Honeywell International by 5.8% in the second quarter. Capstone Asset Management Co. now owns 129,863 shares of the company’s stock valued at $15,106,000 after buying an additional 7,168 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Honeywell International by 7.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 145,296 shares of the company’s stock valued at $16,901,000 after buying an additional 9,517 shares during the last quarter. National Pension Service boosted its stake in shares of Honeywell International by 4.2% in the first quarter. National Pension Service now owns 383,695 shares of the company’s stock valued at $42,993,000 after buying an additional 15,529 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock valued at $46,510,000 after buying an additional 143,685 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Honeywell International by 31.6% in the first quarter. Panagora Asset Management Inc. now owns 317,482 shares of the company’s stock valued at $35,574,000 after buying an additional 76,249 shares during the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.34% during midday trading on Friday, reaching $116.59. The company had a trading volume of 3,837,728 shares. The company’s 50-day moving average is $115.68 and its 200-day moving average is $115.01. Honeywell International Inc. has a 1-year low of $93.71 and a 1-year high of $120.02. The stock has a market capitalization of $88.71 billion, a PE ratio of 18.44 and a beta of 1.07.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The business had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post $6.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, August 17th. Honeywell International’s dividend payout ratio (DPR) is 37.66%.
HON has been the topic of several analyst reports. Morgan Stanley reiterated a “buy” rating and issued a $127.00 target price on shares of Honeywell International in a report on Tuesday, September 6th. Deutsche Bank AG restated a “buy” rating and set a $113.00 price target on shares of Honeywell International in a report on Thursday, August 25th. Argus increased their price target on Honeywell International from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Sanford C. Bernstein restated an “outperform” rating and set a $135.00 price target on shares of Honeywell International in a report on Wednesday, July 6th. Finally, Stifel Nicolaus cut their price target on Honeywell International from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $122.41.
In other Honeywell International news, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total value of $12,624,724.56. Following the sale, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the completion of the sale, the insider now directly 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 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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