Ronald Blue & Co. LLC Lowers Holdings in Honeywell International Inc. (HON)
Ronald Blue & Co. LLC trimmed its stake in Honeywell International Inc. (NYSE:HON) by 53.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,141 shares of the conglomerate’s stock after selling 6,000 shares during the period. Ronald Blue & Co. LLC’s holdings in Honeywell International were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in HON. Waldron LP boosted its position in Honeywell International by 70.0% in the 1st quarter. Waldron LP now owns 6,715 shares of the conglomerate’s stock valued at $826,000 after buying an additional 2,765 shares during the period. Dillon & Associates Inc. purchased a new stake in shares of Honeywell International in the 1st quarter worth approximately $208,000. Hudock Capital Group LLC lifted its position in shares of Honeywell International by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock worth $502,000 after purchasing an additional 14 shares during the period. Benedict Financial Advisors Inc. lifted its position in shares of Honeywell International by 6.6% in the 1st quarter. Benedict Financial Advisors Inc. now owns 25,775 shares of the conglomerate’s stock worth $3,218,000 after purchasing an additional 1,598 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its position in shares of Honeywell International by 18.7% in the 1st quarter. Moloney Securities Asset Management LLC now owns 2,970 shares of the conglomerate’s stock worth $371,000 after purchasing an additional 467 shares during the period. 75.77% of the stock is owned by institutional investors.
In other news, CFO Thomas A. Szlosek sold 803 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the sale, the chief financial officer now owns 5,702 shares in the company, valued at approximately $781,288.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer H. Mak sold 420 shares of the business’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 sale, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock valued at $48,886,463 in the last 90 days. Insiders own 1.56% of the company’s stock.
Several equities research analysts have recently weighed in on HON shares. HSBC Holdings plc started coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Cowen and Company reaffirmed a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $142.22.
Honeywell International Inc. (HON) opened at 143.07 on Friday. The firm has a market cap of $108.81 billion, a price-to-earnings ratio of 22.18 and a beta of 0.95. The firm’s 50-day moving average is $138.62 and its 200-day moving average is $133.60. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $143.75.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, equities analysts anticipate 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, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 41.24%.
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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