Honeywell International Inc. (HON) Shares Sold by Asset Advisors Corp
Asset Advisors Corp cut its position in Honeywell International Inc. (NYSE:HON) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,900 shares of the conglomerate’s stock after selling 500 shares during the period. Asset Advisors Corp’s holdings in Honeywell International were worth $612,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of HON. Cadence Bank NA boosted its stake in Honeywell International by 0.7% in the fourth quarter. Cadence Bank NA now owns 5,400 shares of the conglomerate’s stock worth $626,000 after buying an additional 36 shares during the last quarter. Mcdaniel Terry & Co. boosted its stake in Honeywell International by 2.6% in the third quarter. Mcdaniel Terry & Co. now owns 126,470 shares of the conglomerate’s stock valued at $14,745,000 after buying an additional 3,259 shares during the last quarter. Comerica Bank boosted its stake in Honeywell International by 4.3% in the fourth quarter. Comerica Bank now owns 265,806 shares of the conglomerate’s stock valued at $31,384,000 after buying an additional 10,993 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Honeywell International by 700.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 868,555 shares of the conglomerate’s stock valued at $100,622,000 after buying an additional 759,998 shares during the last quarter. Finally, Hall Capital Management Co. Inc. bought a new stake in Honeywell International during the fourth quarter valued at about $1,545,000. 78.06% of the stock is currently owned by institutional investors.
Honeywell International Inc. (NYSE HON) opened at 134.91 on Wednesday. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $135.90. The stock has a market capitalization of $102.85 billion, a price-to-earnings ratio of 21.25 and a beta of 0.92. The firm’s 50-day moving average is $132.66 and its 200 day moving average is $124.62.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the company earned $1.56 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, May 17th. Honeywell International’s dividend payout ratio is presently 42.16%.
ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/06/21/asset-advisors-corp-has-612000-position-in-honeywell-international-inc-hon-updated-updated.html.
Several equities research analysts have recently issued reports on HON shares. Jefferies Group LLC lifted their price objective on shares of Honeywell International from $133.00 to $141.00 and gave the company a “positive” rating in a research report on Tuesday, February 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 price objective on shares of Honeywell International in a research report on Tuesday, April 11th. Credit Suisse Group reiterated a “hold” rating and set a $115.00 price objective on shares of Honeywell International in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Tuesday, March 14th. Finally, Barclays PLC lifted their price objective on shares of Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $134.05.
In other news, Director David M. Cote sold 969,650 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $130.78, for a total transaction of $126,810,827.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer H. Mak sold 5,510 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total value of $726,658.80. Following the transaction, the vice president now owns 3,141 shares of the company’s stock, valued at $414,235.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,253,667 shares of company stock valued at $164,049,416. Company insiders own 1.56% 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.
Receive News & Stock Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related stocks with our FREE daily email newsletter.