Honeywell International Inc. (HON) Stake Held by Penn Davis Mcfarland Inc.
Penn Davis Mcfarland Inc. maintained its position in Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,521 shares of the conglomerate’s stock at the end of the first quarter. Honeywell International accounts for about 0.5% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 24th largest position. Penn Davis Mcfarland Inc.’s holdings in Honeywell International were worth $1,688,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. boosted its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in Honeywell International during the fourth quarter valued at approximately $114,000. Hall Laurie J Trustee bought a new position in Honeywell International during the fourth quarter valued at approximately $119,000. Woodmont Investment Counsel LLC bought a new position in Honeywell International during the third quarter valued at approximately $132,000. Finally, First Interstate Bank boosted its position in Honeywell International by 2.6% in the fourth quarter. First Interstate Bank now owns 1,292 shares of the conglomerate’s stock valued at $150,000 after buying an additional 33 shares during the last quarter. 76.17% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) opened at 130.42 on Friday. The firm has a 50 day moving average of $127.82 and a 200 day moving average of $121.02. Honeywell International Inc. has a one year low of $105.25 and a one year high of $135.00. The firm has a market capitalization of $99.42 billion, a PE ratio of 20.54 and a beta of 0.94. Honeywell International also was the recipient of some unusual options trading on Tuesday. Investors bought 19,829 call options on the company. This is an increase of 612% compared to the average volume of 2,785 call options.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same period last year, the firm posted $1.56 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, May 17th. Honeywell International’s payout ratio is 43.39%.
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HON has been the topic of several research analyst reports. Argus reissued a “buy” rating and set a $135.00 target price on shares of Honeywell International in a research note on Tuesday, January 31st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Tuesday, March 14th. Royal Bank of Canada reissued a “buy” rating and set a $144.00 target price on shares of Honeywell International in a research note on Tuesday, April 11th. Cowen and Company reissued a “buy” rating on shares of Honeywell International in a research note on Monday, April 24th. Finally, Citigroup Inc raised their target price on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $134.05.
In other news, Director D Scott Davis sold 6,535 shares of Honeywell International stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $130.97, for a total transaction of $855,888.95. Following the sale, the director now directly owns 21,433 shares of the company’s stock, valued at $2,807,080.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas A. Szlosek sold 36,080 shares of Honeywell International stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $131.16, for a total value of $4,732,252.80. Following the sale, the chief financial officer now directly owns 2,160 shares in the company, valued at $283,305.60. The disclosure for this sale can be found here. Insiders have sold 1,128,706 shares of company stock worth $147,591,026 over the last three months. Insiders own 1.83% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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