Honeywell International Inc. (HON) Stake Increased by First United Bank Trust
First United Bank Trust increased its stake in Honeywell International Inc. (NYSE:HON) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,046 shares of the conglomerate’s stock after buying an additional 495 shares during the period. Honeywell International comprises 1.7% of First United Bank Trust’s holdings, making the stock its 14th largest position. First United Bank Trust’s holdings in Honeywell International were worth $2,378,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. increased its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the conglomerate’s stock worth $104,000 after buying an additional 10 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Honeywell International during the fourth quarter worth about $114,000. Hall Laurie J Trustee acquired a new position in shares of Honeywell International during the fourth quarter worth about $119,000. Finally, Woodmont Investment Counsel LLC acquired a new position in shares of Honeywell International during the third quarter worth about $132,000. 76.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) opened at 130.42 on Friday. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $135.00. The stock has a 50 day moving average price of $127.82 and a 200 day moving average price of $121.02. The company has a market capitalization of $99.42 billion, a price-to-earnings ratio of 20.54 and a beta of 0.94. Honeywell International also was the recipient of some unusual options trading activity on Tuesday. Investors bought 19,829 call options on the company. This represents an increase of approximately 612% compared to the typical volume of 2,785 call options.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. On average, equities analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 19th will be given a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.66 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s payout ratio is currently 43.39%.
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A number of research firms recently commented on HON. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $148.00 price objective on shares of Honeywell International in a research report on Tuesday, April 25th. Stifel Nicolaus upped their price objective on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Jefferies Group LLC reiterated a “buy” rating and set a $141.00 price objective on shares of Honeywell International in a research report on Wednesday. Credit Suisse Group AG reiterated a “hold” rating and set a $122.00 price objective on shares of Honeywell International in a research report on Friday, April 21st. Finally, Barclays PLC upped their price objective on Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research report 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 company presently has an average rating of “Buy” and a consensus price target of $134.05.
In other news, SVP Mark R. James sold 116,441 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total transaction of $15,192,057.27. Following the completion of the transaction, the senior vice president now directly owns 240,826 shares of the company’s stock, valued at approximately $31,420,568.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Thomas A. Szlosek sold 36,080 shares of Honeywell International stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the completion of the sale, the chief financial officer now directly owns 2,160 shares of the company’s stock, valued at $283,305.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,706 shares of company stock valued at $147,591,026. 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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