Ballentine Partners LLC Acquires Shares of 3,862 Honeywell International Inc. (HON)
Ballentine Partners LLC acquired a new stake in Honeywell International Inc. (NYSE:HON) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,862 shares of the conglomerate’s stock, valued at approximately $482,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in shares of Honeywell International by 3.9% in the first quarter. Creative Planning now owns 61,152 shares of the conglomerate’s stock valued at $7,636,000 after buying an additional 2,323 shares during the last quarter. Trust Co. of Oklahoma boosted its position in shares of Honeywell International by 4.0% in the first quarter. Trust Co. of Oklahoma now owns 23,895 shares of the conglomerate’s stock valued at $2,984,000 after buying an additional 926 shares during the last quarter. Forte Capital LLC ADV boosted its position in shares of Honeywell International by 13.5% in the first quarter. Forte Capital LLC ADV now owns 4,034 shares of the conglomerate’s stock valued at $504,000 after buying an additional 480 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Honeywell International by 3.1% in the first quarter. Chesley Taft & Associates LLC now owns 146,182 shares of the conglomerate’s stock valued at $18,254,000 after buying an additional 4,329 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Honeywell International by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 224,861 shares of the conglomerate’s stock valued at $28,078,000 after buying an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) traded down 0.460% during trading on Thursday, reaching $137.445. The company had a trading volume of 428,421 shares. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $140.21. The firm has a market capitalization of $104.54 billion, a P/E ratio of 21.313 and a beta of 0.94. The firm’s 50 day moving average price is $136.29 and its 200 day moving average price is $129.93.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. Equities analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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HON has been the subject of several research analyst reports. Zacks Investment Research cut Honeywell International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Credit Suisse Group reaffirmed a “hold” rating and set a $122.00 target price on shares of Honeywell International in a report on Friday, April 21st. Royal Bank Of Canada raised their target price on Honeywell International from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Cowen and Company reaffirmed a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Finally, Barclays PLC raised their target price on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $139.40.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total transaction of $601,513.68. Following the sale, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradley T. Sheares sold 3,430 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $131.71, for a total value of $451,765.30. Following the sale, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 473,229 shares of company stock worth $64,546,642. 1.56% of the stock is owned by insiders.
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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