First National Bank & Trust Co. of Newtown Sells 210 Shares of Honeywell International Inc. (HON)
First National Bank & Trust Co. of Newtown decreased its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,395 shares of the conglomerate’s stock after selling 210 shares during the period. Honeywell International accounts for 1.2% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 19th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Honeywell International were worth $4,184,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the period. Clearbridge Investments LLC grew its position in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the period. Swiss National Bank grew its position in shares of Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Honeywell International by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,343,756 shares of the conglomerate’s stock valued at $292,665,000 after purchasing an additional 106,870 shares during the period. Finally, AGF Investments Inc. grew its position in shares of Honeywell International by 5.5% in the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock valued at $255,029,000 after purchasing an additional 105,943 shares during the period. 75.77% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. 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. Deutsche Bank AG reiterated a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a report on Thursday, September 28th. Finally, Oppenheimer Holdings, Inc. lifted 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. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $143.30.
In related news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $57,397.20. Following the completion of 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. In the last quarter, insiders sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by corporate insiders.
Shares of Honeywell International Inc. (HON) opened at 143.62 on Friday. The company has a 50-day moving average price of $138.84 and a 200 day moving average price of $133.72. Honeywell International Inc. has a one year low of $105.26 and a one year high of $143.75. The company has a market capitalization of $109.23 billion, a price-to-earnings ratio of 22.27 and a beta of 0.95. Honeywell International also was the target of some unusual options trading activity on Thursday. Stock traders acquired 17,188 call options on the stock. This represents an increase of approximately 570% compared to the typical volume of 2,566 call options.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating 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 business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the company earned $1.70 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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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