Honeywell International Inc. (HON) Position Cut by Great Lakes Advisors LLC
Great Lakes Advisors LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,290 shares of the conglomerate’s stock after selling 23,061 shares during the period. Great Lakes Advisors LLC’s holdings in Honeywell International were worth $25,755,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HON. Ameriprise Financial Inc. raised its position in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after buying an additional 773,734 shares during the last quarter. Swiss National Bank raised its position in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after buying an additional 552,100 shares during the last quarter. CIBC World Markets Inc. raised its position in Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock valued at $70,126,000 after buying an additional 543,617 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in 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 last quarter. Finally, Karp Capital Management Corp purchased a new position in Honeywell International during the first quarter valued at $61,656,000. Institutional investors own 75.89% of the company’s stock.
Shares of Honeywell International Inc. (NYSE:HON) traded up 0.04% during midday trading on Tuesday, reaching $136.92. 220,055 shares of the company traded hands. The company’s 50 day moving average is $136.74 and its 200-day moving average is $130.72. The stock has a market capitalization of $104.14 billion, a price-to-earnings ratio of 21.23 and a beta of 0.94. 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 earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm 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%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal 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 given a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.94%. Honeywell International’s payout ratio is currently 41.24%.
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HON has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Thursday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc assumed coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target (up from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $141.18.
In other news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares in the company, valued at $186,267.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last ninety days. Company 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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