Hartford Financial Management Inc. Has $2,591,000 Position in Honeywell International Inc. (HON)
Hartford Financial Management Inc. continued to hold its stake in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,446 shares of the conglomerate’s stock at the close of the second quarter. Honeywell International makes up 1.2% of Hartford Financial Management Inc.’s holdings, making the stock its 24th largest position. Hartford Financial Management Inc.’s holdings in Honeywell International were worth $2,591,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of HON. Hanson McClain Inc. raised its position in 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 purchasing an additional 3 shares during the period. Jolley Asset Management LLC raised its position in 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 purchasing an additional 50 shares during the period. MCF Advisors LLC raised its position in 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 purchasing an additional 335 shares during the period. Proficio Capital Partners LLC raised its position in Honeywell International by 56.7% in the first quarter. Proficio Capital Partners LLC now owns 940 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 340 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in Honeywell International by 12.6% in the first quarter. SRS Capital Advisors Inc. now owns 1,112 shares of the conglomerate’s stock valued at $138,000 after purchasing an additional 124 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.
HON has been the topic of several research reports. HSBC Holdings plc initiated coverage on Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price objective on the stock. BidaskClub raised 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 set a $141.00 target price (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Cowen and Company reaffirmed a “buy” rating and set a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $142.22.
In related news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction dated 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 owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 in the last three months. Company insiders own 1.56% of the company’s stock.
Honeywell International Inc. (NYSE:HON) opened at 143.62 on Friday. The firm has a 50-day moving average price of $138.84 and a 200-day moving average price of $133.72. The firm has a market capitalization of $109.23 billion, a P/E ratio of 22.27 and a beta of 0.95. Honeywell International Inc. has a 52 week low of $105.26 and a 52 week high of $143.75. Honeywell International also was the recipient of unusually large options trading activity on Thursday. Traders purchased 17,188 call options on the stock. This is an increase of approximately 570% compared to the typical volume of 2,566 call options.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is 41.24%.
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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