United Fire Group Inc. Has $4,745,000 Position in Honeywell International Inc. (HON)
United Fire Group Inc. continued to hold its position in shares of Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the conglomerate’s stock at the end of the first quarter. Honeywell International makes up about 1.7% of United Fire Group Inc.’s holdings, making the stock its 17th largest position. United Fire Group Inc.’s holdings in Honeywell International were worth $4,745,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fiduciary Management Inc. WI increased its position in Honeywell International by 59.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate’s stock valued at $583,698,000 after buying an additional 1,885,005 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Honeywell International by 994.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,301,246 shares of the conglomerate’s stock valued at $150,767,000 after buying an additional 1,182,361 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Honeywell International during the fourth quarter valued at $97,371,000. Diamond Hill Capital Management Inc. raised its position in shares of Honeywell International by 147.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 909,967 shares of the conglomerate’s stock valued at $113,628,000 after buying an additional 542,474 shares during the period. Finally, Luminus Management LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $52,311,000. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.61% during mid-day trading on Thursday, hitting $139.56. 2,555,286 shares of the stock traded hands. The company has a market cap of $106.15 billion, a price-to-earnings ratio of 21.64 and a beta of 0.94. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $139.56. The stock’s 50 day moving average is $135.02 and its 200-day moving average is $128.45.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm earned $1.70 EPS. Honeywell International’s revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.91%. Honeywell International’s payout ratio is currently 41.24%.
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HON has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. Stifel Nicolaus lifted their price objective on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Citigroup Inc. boosted their price target on Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Cowen and Company reissued a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $144.00 price objective on shares of Honeywell International in a research report on Tuesday, April 11th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $138.58.
In other news, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at $781,288.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.24, for a total transaction of $137,240.00. Following the transaction, the senior vice president now directly owns 180,211 shares in the company, valued at $24,732,157.64. The disclosure for this sale can be found here. Insiders sold a total of 169,799 shares of company stock worth $22,351,196 over the last quarter. Insiders own 1.56% of the company’s stock.
About Honeywell International
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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