Honeywell International Inc. (HON) Position Cut by Greylin Investment Mangement Inc.
Greylin Investment Mangement Inc. cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,225 shares of the conglomerate’s stock after selling 400 shares during the period. Greylin Investment Mangement Inc.’s holdings in Honeywell International were worth $1,096,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new position in Honeywell International during the first quarter valued at approximately $100,000. Peoples Financial Services CORP. raised its position 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. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Jolley Asset Management LLC raised its position in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. Finally, MCF Advisors LLC raised its position 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. 75.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.01% during midday trading on Thursday, reaching $138.05. 626,949 shares of the company were exchanged. The stock has a market capitalization of $105.00 billion, a price-to-earnings ratio of 21.41 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21. The company’s 50-day moving average price is $136.74 and its 200 day moving average price is $130.72.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the consensus estimate 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 net margin of 12.68% and a return on equity of 26.60%. Honeywell International’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. On average, equities analysts predict that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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Several equities analysts have issued reports on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Thursday, July 20th. BidaskClub lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a report on Tuesday, August 22nd. Royal Bank Of Canada raised their price objective on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 price objective (up previously from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $141.18.
In other news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 1,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.24, for a total transaction of $137,240.00. Following the completion of the transaction, the senior vice president now owns 180,211 shares of the company’s stock, valued at $24,732,157.64. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 over the last quarter. 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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