Calamos Wealth Management LLC Buys 101 Shares of Honeywell International Inc. (HON)
Calamos Wealth Management LLC increased its stake in Honeywell International Inc. (NYSE:HON) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,763 shares of the conglomerate’s stock after acquiring an additional 101 shares during the period. Calamos Wealth Management LLC’s holdings in Honeywell International were worth $4,367,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Morse Asset Management Inc purchased a new position in Honeywell International in the first quarter worth about $693,000. Sand Hill Global Advisors LLC grew its position in Honeywell International by 2.0% in the first quarter. Sand Hill Global Advisors LLC now owns 31,103 shares of the conglomerate’s stock worth $3,884,000 after acquiring an additional 601 shares in the last quarter. Locust Wood Capital Advisers LLC grew its position in Honeywell International by 54.2% in the first quarter. Locust Wood Capital Advisers LLC now owns 288,563 shares of the conglomerate’s stock worth $36,033,000 after acquiring an additional 101,390 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in Honeywell International by 0.6% in the first quarter. TCI Wealth Advisors Inc. now owns 22,982 shares of the conglomerate’s stock worth $2,870,000 after acquiring an additional 126 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in Honeywell International by 32.5% in the first quarter. Meadow Creek Investment Management LLC now owns 6,528 shares of the conglomerate’s stock worth $815,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 76.24% of the company’s stock.
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Several brokerages have issued reports on HON. Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Cowen and Company restated an “outperform” rating and set a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, Credit Suisse Group restated a “neutral” rating and set a $139.00 target price (up previously from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $150.79.
In related news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. Insiders sold 20,242 shares of company stock valued at $2,889,943 in the last three months. 1.56% of the stock is currently owned by insiders.
Shares of Honeywell International Inc. (HON) opened at $146.37 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International Inc. has a 12 month low of $111.78 and a 12 month high of $147.60. The firm has a market cap of $112,231.73, a P/E ratio of 21.20, a PEG ratio of 2.26 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. Honeywell International’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. sell-side analysts expect that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The firm also recently disclosed 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 is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s payout ratio is 40.30%.
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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