First Mercantile Trust Co. Decreases Position in Honeywell International Inc. (HON)
First Mercantile Trust Co. lowered its stake in shares of Honeywell International Inc. (NYSE:HON) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,617 shares of the company’s stock after selling 6,957 shares during the period. Honeywell International comprises about 0.7% of First Mercantile Trust Co.’s holdings, making the stock its 22nd largest position. First Mercantile Trust Co.’s holdings in Honeywell International were worth $5,319,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank boosted its position in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares during the last quarter. First Personal Financial Services boosted its position in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares during the last quarter. Bruderman Asset Management LLC boosted its position in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the last quarter. Cable Hill Partners LLC boosted its position in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in Honeywell International by 78.2% in the second quarter. Tortoise Investment Management LLC now owns 1,367 shares of the company’s stock valued at $159,000 after buying an additional 600 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.30% during midday trading on Friday, hitting $114.17. 831,276 shares of the stock traded hands. The stock has a market cap of $87.01 billion, a price-to-earnings ratio of 17.87 and a beta of 0.94. The company’s 50 day moving average price is $110.08 and its 200-day moving average price is $114.32. 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 earnings results on Friday, October 21st. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by $0.03. The firm had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. Honeywell International’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.60 earnings per share. On average, equities research analysts expect that Honeywell International Inc. will post $6.60 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s payout ratio is presently 42.09%.
HON has been the subject of a number of research reports. Argus reaffirmed a “buy” rating on shares of Honeywell International in a report on Wednesday, October 12th. Zacks Investment Research raised shares of Honeywell International from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Barclays PLC set a $128.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Wednesday, October 12th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $113.35 target price on shares of Honeywell International in a report on Friday, October 7th. Finally, Goldman Sachs Group Inc. cut shares of Honeywell International from a “conviction-buy” rating to a “buy” rating and set a $122.00 target price for the company. in a report on Monday, October 10th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $125.48.
In related news, Director Bradley T. Sheares sold 3,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $109.99, for a total value of $329,970.00. Following the completion of the sale, the director now owns 7,288 shares of the company’s stock, valued at approximately $801,607.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.83% of the stock is currently owned by corporate insiders.
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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