Mason Street Advisors LLC Has $13.14 Million Position in Honeywell International Inc. (HON)
Mason Street Advisors LLC increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,191 shares of the conglomerate’s stock after buying an additional 936 shares during the period. Mason Street Advisors LLC’s holdings in Honeywell International were worth $13,135,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC bought a new stake in shares of Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. boosted its stake in shares of 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 during the last quarter. MCF Advisors LLC boosted its stake in shares of 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 during the last quarter. Assetmark Inc. boosted its stake in shares of Honeywell International by 30.2% in the first quarter. Assetmark Inc. now owns 1,225 shares of the conglomerate’s stock valued at $153,000 after buying an additional 284 shares during the last quarter. Finally, Sfmg LLC bought a new stake in shares of Honeywell International during the first quarter valued at about $200,000. Institutional investors and hedge funds own 75.89% of the company’s stock.
Honeywell International Inc. (NYSE:HON) traded down 0.29% during trading on Wednesday, hitting $137.23. The company had a trading volume of 403,037 shares. The company’s 50 day moving average price is $136.74 and its 200-day moving average price is $130.72. The company has a market cap of $104.37 billion, a PE ratio of 21.28 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 for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post $7.09 earnings per share 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 paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is presently 41.24%.
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HON has been the topic of a number of analyst reports. HSBC Holdings plc initiated coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target on the stock. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Tuesday, August 22nd. Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Sunday. Finally, BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $141.18.
In other Honeywell International news, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 354,108 shares of company stock valued at $48,886,463. 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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