Honeywell International Inc. (HON) Stake Reduced by Washington Trust Bank
Washington Trust Bank lowered its position in Honeywell International Inc. (NYSE:HON) by 0.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,471 shares of the conglomerate’s stock after selling 9 shares during the period. Washington Trust Bank’s holdings in Honeywell International were worth $996,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of HON. Ameriprise Financial Inc. boosted its position in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after buying an additional 773,734 shares during the period. Clearbridge Investments LLC boosted its position in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares during the period. Swiss National Bank boosted its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Honeywell International by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,343,756 shares of the conglomerate’s stock worth $292,665,000 after buying an additional 106,870 shares during the period. Finally, AGF Investments Inc. boosted its position in shares of Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after buying an additional 105,943 shares during the period. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Honeywell International Inc. (HON) traded down 1.003% during midday trading on Thursday, reaching $136.695. The company’s stock had a trading volume of 794,688 shares. The firm has a market cap of $103.97 billion, a P/E ratio of 21.196 and a beta of 0.94. The firm has a 50 day moving average of $136.29 and a 200 day moving average of $129.93. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders 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 annualized dividend and a yield of 1.93%. Honeywell International’s payout ratio is currently 41.24%.
A number of equities analysts have issued reports on HON shares. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer Holdings, Inc. raised their target price on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Credit Suisse Group restated a “neutral” rating and set a $139.00 target price (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $139.40.
In other news, SVP Katherine L. Adams sold 116,021 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total value of $15,279,965.70. Following the transaction, the senior vice president now owns 286,199 shares in the company, valued at $37,692,408.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 3,430 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 sold 473,229 shares of company stock worth $64,546,642. Corporate 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.
Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NYSE:HON).
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.