Howland Capital Management LLC Acquires New Holdings in Honeywell International Inc. (HON)
Howland Capital Management LLC acquired a new position in Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,598 shares of the conglomerate’s stock, valued at approximately $213,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Whitnell & Co. raised its holdings in shares of Honeywell International by 1.1% during the 1st quarter. Whitnell & Co. now owns 3,602 shares of the conglomerate’s stock valued at $450,000 after buying an additional 38 shares during the period. Trust Department MB Financial Bank N A raised its holdings in shares of Honeywell International by 1.0% during the 1st quarter. Trust Department MB Financial Bank N A now owns 10,307 shares of the conglomerate’s stock valued at $1,287,000 after buying an additional 97 shares during the period. Granite Investment Advisors LLC raised its holdings in shares of Honeywell International by 14.9% during the 1st quarter. Granite Investment Advisors LLC now owns 66,882 shares of the conglomerate’s stock valued at $8,352,000 after buying an additional 8,663 shares during the period. Ledyard National Bank raised its holdings in shares of Honeywell International by 6.6% during the 1st quarter. Ledyard National Bank now owns 6,100 shares of the conglomerate’s stock valued at $762,000 after buying an additional 380 shares during the period. Finally, Bollard Group LLC raised its holdings in shares of Honeywell International by 9.9% during the 1st quarter. Bollard Group LLC now owns 32,901 shares of the conglomerate’s stock valued at $4,108,000 after buying an additional 2,965 shares during the period. Institutional investors own 75.91% of the company’s stock.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the completion of the transaction, the chief financial officer now owns 5,702 shares in the company, valued at $781,288.04. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 over the last quarter. Corporate insiders own 1.56% of the company’s stock.
Shares of Honeywell International Inc. (HON) traded up 1.12% on Monday, hitting $139.11. The stock had a trading volume of 1,178,099 shares. The firm’s 50-day moving average is $137.41 and its 200 day moving average is $131.78. The stock has a market cap of $105.80 billion, a P/E ratio of 21.57 and a beta of 0.94. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The firm 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 business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $1.70 EPS. Equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a $0.665 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.93%. Honeywell International’s payout ratio is 41.24%.
HON has been the topic of several analyst reports. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. raised their target price on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Credit Suisse Group reiterated a “neutral” rating and set a $139.00 target price (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $141.00 target price (up 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 sixteen have issued a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and a consensus target price of $141.18.
Honeywell International 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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