Whittier Trust Co. Has $20,068,000 Stake in Honeywell International Inc. (HON)
Whittier Trust Co. increased its position in Honeywell International Inc. (NYSE:HON) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,533 shares of the company’s stock after buying an additional 6,341 shares during the period. Honeywell International comprises 0.9% of Whittier Trust Co.’s portfolio, making the stock its 25th largest position. Whittier Trust Co.’s holdings in Honeywell International were worth $20,068,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Investec Asset Management LTD increased its position in shares of Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares during the period. Bank of Montreal Can bought a new position in shares of Honeywell International during the second quarter worth $98,669,000. Teachers Advisors Inc. increased its position in shares of Honeywell International by 23.2% in the first quarter. Teachers Advisors Inc. now owns 1,791,364 shares of the company’s stock worth $200,722,000 after buying an additional 336,816 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Honeywell International by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 8,715,518 shares of the company’s stock worth $976,574,000 after buying an additional 332,057 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Honeywell International by 4.7% in the first quarter. Geode Capital Management LLC now owns 6,480,309 shares of the company’s stock worth $724,716,000 after buying an additional 293,075 shares during the period. 76.50% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE:HON) traded down 1.12% during mid-day trading on Tuesday, hitting $105.60. The stock had a trading volume of 5,766,991 shares. The stock’s 50-day moving average price is $115.07 and its 200-day moving average price is $115.12. Honeywell International Inc. has a 12 month low of $93.71 and a 12 month high of $120.02. The stock has a market cap of $80.35 billion, a price-to-earnings ratio of 16.71 and a beta of 1.05.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.51 EPS. On average, analysts predict that Honeywell International Inc. will post $6.68 earnings per share for the current year.
A number of equities analysts recently weighed in on HON shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Honeywell International in a report on Monday, June 27th. Bank of America Corp. set a $132.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a report on Monday, July 25th. Morgan Stanley reissued a “buy” rating and issued a $127.00 price target on shares of Honeywell International in a report on Tuesday, September 6th. Goldman Sachs Group Inc. cut Honeywell International from a “conviction-buy” rating to a “buy” rating in a research note on Monday. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $113.35 price objective on shares of Honeywell International in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $123.26.
In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of Honeywell International stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $115.54, for a total value of $32,004.58. Following the sale, the vice president now owns 420 shares of the company’s stock, valued at approximately $48,526.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction that occurred 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 approximately $7,627,426.80. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.
Honeywell International Company Profile
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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