Honeywell International Inc. (HON) Position Decreased by Mount Vernon Associates Inc. MD
Mount Vernon Associates Inc. MD decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,492 shares of the conglomerate’s stock after selling 215 shares during the period. Honeywell International comprises approximately 3.5% of Mount Vernon Associates Inc. MD’s portfolio, making the stock its 7th largest position. Mount Vernon Associates Inc. MD’s holdings in Honeywell International were worth $1,932,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Jolley Asset Management LLC increased its stake in Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in Honeywell International during the first quarter valued at $100,000. Hanson McClain Inc. increased its stake in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Peoples Financial Services CORP. increased its stake 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 in the last quarter. Finally, MCF Advisors LLC increased its stake in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares in the last quarter. 76.49% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE HON) traded down 0.57% during trading on Tuesday, reaching $137.48. 651,986 shares of the company’s stock traded hands. The company has a market cap of $104.56 billion, a PE ratio of 21.32 and a beta of 0.94. The company has a 50 day moving average price of $136.05 and a 200-day moving average price of $129.73. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 13.89% and a return on equity of 27.40%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the business earned $1.70 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. Honeywell International’s payout ratio is 41.24%.
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Several research firms have recently weighed in on HON. Cowen and Company reaffirmed an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Credit Suisse Group reaffirmed a “neutral” rating and set a $139.00 price target (up previously from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $139.17.
In other news, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares in the company, valued at approximately $40,616,922.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Insiders sold a total of 473,229 shares of company stock worth $64,546,642 over the last 90 days. 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.
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