Shufro Rose & Co. LLC Holds Position in Honeywell International Inc. (HON)
Shufro Rose & Co. LLC continued to hold its position in Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,730 shares of the conglomerate’s stock at the close of the 2nd quarter. Shufro Rose & Co. LLC’s holdings in Honeywell International were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Savant Capital LLC increased its holdings in Honeywell International by 41.5% during the 2nd quarter. Savant Capital LLC now owns 5,173 shares of the conglomerate’s stock worth $690,000 after acquiring an additional 1,516 shares during the period. Donaldson Capital Management LLC increased its holdings in Honeywell International by 1.1% during the 2nd quarter. Donaldson Capital Management LLC now owns 193,562 shares of the conglomerate’s stock worth $25,800,000 after acquiring an additional 2,066 shares during the period. Advisors Asset Management Inc. increased its holdings in Honeywell International by 11.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 94,583 shares of the conglomerate’s stock worth $12,607,000 after acquiring an additional 9,619 shares during the period. Nippon Life Global Investors Americas Inc. increased its holdings in Honeywell International by 157.9% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 111,890 shares of the conglomerate’s stock worth $14,915,000 after acquiring an additional 68,510 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in Honeywell International during the 2nd quarter worth approximately $3,115,000. 75.73% of the stock is currently owned by institutional investors and hedge funds.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on 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 transaction, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction on 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. Insiders have sold 354,108 shares of company stock valued at $48,886,463 over the last ninety days. 1.56% of the stock is owned by insiders.
Shares of Honeywell International Inc. (HON) opened at 145.35 on Friday. The firm’s 50-day moving average is $140.77 and its 200 day moving average is $135.04. Honeywell International Inc. has a 12 month low of $108.01 and a 12 month high of $145.96. The stock has a market cap of $110.55 billion, a PE ratio of 22.54 and a beta of 0.95.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, topping the consensus estimate of $1.74 by $0.01. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.05%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s payout ratio is presently 41.24%.
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A number of equities analysts have commented on HON shares. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target (up previously from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Cowen and Company reissued a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a research note on Monday, July 17th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada set a $148.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $149.52.
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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