Weatherly Asset Management L. P. Purchases 3,757 Shares of Honeywell International Inc. (HON)
Weatherly Asset Management L. P. boosted its position in Honeywell International Inc. (NYSE:HON) by 150.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,253 shares of the conglomerate’s stock after acquiring an additional 3,757 shares during the period. Weatherly Asset Management L. P.’s holdings in Honeywell International were worth $833,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Hanson McClain Inc. grew its holdings in shares of Honeywell International by 0.4% during 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 increased its position in shares of Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares in the last quarter. MCF Advisors LLC increased its position in shares of Honeywell International by 55.8% during the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 335 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Honeywell International by 56.7% during the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 340 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Honeywell International by 12.6% during the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock worth $138,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last three months, insiders sold 354,108 shares of company stock valued at $48,886,463. Corporate insiders own 1.56% of the company’s stock.
Honeywell International Inc. (HON) opened at 142.67 on Wednesday. The stock has a market capitalization of $108.51 billion, a PE ratio of 22.12 and a beta of 0.95. The firm has a 50-day moving average of $138.33 and a 200-day moving average of $133.46. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $143.15. Honeywell International also saw unusually large options trading activity on Monday. Investors acquired 4,975 put options on the company. This represents an increase of 394% compared to the average daily volume of 1,008 put options.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
HON has been the topic of a number of analyst reports. HSBC Holdings plc began coverage on shares of Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and set 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 objective on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Finally, BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $142.22.
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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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