19,161 Shares in Honeywell International Inc. (HON) Acquired by Searle & CO.
Searle & CO. purchased a new stake in Honeywell International Inc. (NYSE:HON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,161 shares of the company’s stock, valued at approximately $2,201,000. Honeywell International accounts for approximately 1.9% of Searle & CO.’s portfolio, making the stock its 11th largest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullinan Associates Inc. boosted its stake in shares of Honeywell International by 1.1% in the first quarter. Cullinan Associates Inc. now owns 9,268 shares of the company’s stock valued at $1,038,000 after buying an additional 100 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in shares of Honeywell International by 5.5% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,699 shares of the company’s stock valued at $547,000 after buying an additional 243 shares during the period. Park National Corp OH boosted its stake in shares of Honeywell International by 2.6% in the second quarter. Park National Corp OH now owns 10,884 shares of the company’s stock valued at $1,266,000 after buying an additional 280 shares during the period. Osborn Rohs Williams & Donohoe Ltd boosted its stake in shares of Honeywell International by 0.3% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 64,960 shares of the company’s stock valued at $7,556,000 after buying an additional 177 shares during the period. Finally, Baxter Bros Inc. purchased a new stake in shares of Honeywell International during the second quarter valued at about $2,703,000. Institutional investors and hedge funds own 75.10% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded down 0.28% during midday trading on Monday, reaching $113.85. The company had a trading volume of 2,617,445 shares. The company’s 50 day moving average price is $110.28 and its 200-day moving average price is $114.31. Honeywell International Inc. has a 52 week low of $93.71 and a 52 week high of $120.02. The company has a market capitalization of $86.77 billion, a P/E ratio of 17.82 and a beta of 0.94.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.03. Honeywell International had a net margin of 12.47% and a return on equity of 26.60%. The business earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.78 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. Honeywell International’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International Inc. will post $6.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be given a $0.665 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.66 dividend on an annualized basis and a yield of 2.34%. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s payout ratio is currently 42.09%.
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Several analysts recently weighed in on HON shares. Vetr upgraded Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 price target on the stock in a report on Wednesday, November 16th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $122.00 price target (down previously from $128.00) on shares of Honeywell International in a report on Wednesday, October 12th. Barclays PLC set a $128.00 price target on Honeywell International and gave the company a “buy” rating in a report on Wednesday, October 12th. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating in a report on Monday, October 17th. Finally, Citigroup Inc. decreased their price target on Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a report on Monday, October 10th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Honeywell International has a consensus 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 stock was sold at an average price of $109.99, for a total value of $329,970.00. Following the sale, the director now owns 7,288 shares in the company, valued at approximately $801,607.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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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