Honeywell International Inc. (HON) Stake Lifted by United Asset Strategies Inc.
United Asset Strategies Inc. grew its position in shares of Honeywell International Inc. (NYSE:HON) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739 shares of the conglomerate’s stock after purchasing an additional 1 shares during the period. United Asset Strategies Inc.’s holdings in Honeywell International were worth $232,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after acquiring an additional 2,114,627 shares in the last quarter. Harbour Capital Advisors LLC grew its position in Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after acquiring an additional 1,791,394 shares in the last quarter. Ameriprise Financial Inc. grew its position in Honeywell International by 8.8% in the first quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after acquiring an additional 773,734 shares in the last quarter. Swiss National Bank grew its position in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after acquiring an additional 552,100 shares in the last quarter. Finally, CIBC World Markets Inc. grew its position in Honeywell International by 3,023.8% in the first quarter. CIBC World Markets Inc. now owns 561,595 shares of the conglomerate’s stock worth $70,126,000 after acquiring an additional 543,617 shares in the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.
Several research analysts recently issued reports on HON shares. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research 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 research 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 research report on Thursday, September 28th. Oppenheimer Holdings, Inc. upped their target price on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 target price (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $149.52.
In related news, Director Linnet F. Deily sold 4,344 shares of Honeywell International 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 completion of the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International 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 transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by corporate insiders.
Honeywell International Inc. (HON) opened at 143.62 on Friday. The stock’s 50 day moving average is $140.57 and its 200 day moving average is $134.89. The company 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 $107.51 and a 52 week high of $145.30.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $9.89 billion. During the same period in the previous year, the company earned $1.70 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.07%. Honeywell International’s payout ratio is currently 41.24%.
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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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