Bahl & Gaynor Inc. Acquires 214,131 Shares of Honeywell International Inc. (HON)
Bahl & Gaynor Inc. raised its position in shares of Honeywell International Inc. (NYSE:HON) by 58.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 580,530 shares of the conglomerate’s stock after buying an additional 214,131 shares during the period. Bahl & Gaynor Inc. owned 0.08% of Honeywell International worth $72,490,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Crestwood Advisors Group LLC acquired a new stake in Honeywell International during the first quarter worth about $100,000. 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 worth $101,000 after buying an additional 311 shares during the period. 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 worth $117,000 after buying an additional 335 shares during the period. Assetmark Inc. increased its stake in Honeywell International by 30.2% in the first quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock worth $153,000 after buying an additional 284 shares during the period. Finally, Sfmg LLC acquired a new stake in Honeywell International during the first quarter worth about $200,000. Institutional investors own 76.49% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded up 0.21% during trading on Friday, hitting $136.82. 1,996,454 shares of the company’s stock traded hands. The company has a market cap of $104.06 billion, a PE ratio of 21.22 and a beta of 0.94. The company’s 50 day moving average price is $136.74 and its 200 day moving average price is $130.72. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion during 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%. Honeywell International’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 earnings per share. Analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
A number of brokerages recently weighed in on HON. Royal Bank Of Canada restated a “buy” rating and set a $148.00 target price on shares of Honeywell International in a report on Sunday. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Cowen and Company restated an “outperform” rating and set a $150.00 target price (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Morgan Stanley boosted their target price on shares of Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $141.18.
In related news, Director Linnet F. Deily sold 4,344 shares of the company’s 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 completion of the sale, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the company’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 owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by company 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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