Honeywell International Inc. (HON) Shares Bought by Martingale Asset Management L P
Martingale Asset Management L P increased its holdings in shares of Honeywell International Inc. (NYSE:HON) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 340,968 shares of the conglomerate’s stock after purchasing an additional 9,711 shares during the quarter. Honeywell International accounts for about 0.6% of Martingale Asset Management L P’s investment portfolio, making the stock its 20th largest holding. Martingale Asset Management L P’s holdings in Honeywell International were worth $45,449,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hanson McClain Inc. increased its position in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co increased its position in Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after purchasing an additional 7 shares in the last quarter. Keel Point LLC increased its position in Honeywell International by 0.3% during the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after purchasing an additional 10 shares in the last quarter. Hudock Capital Group LLC increased its position in Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its position in Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after purchasing an additional 16 shares in the last quarter. 75.20% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Inc. (NYSE:HON) opened at $147.94 on Tuesday. Honeywell International Inc. has a one year low of $111.78 and a one year high of $148.30. The stock has a market capitalization of $112,700.00, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.25 and a beta of 0.97. 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 (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.05 billion. During the same period last year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.
The company 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 dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
Several analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price objective (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. BidaskClub raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, August 17th. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Honeywell International in a research report on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average price target of $150.79.
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In related news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The sale 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 firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Insiders have sold 20,242 shares of company stock worth $2,889,943 over the last 90 days. 1.56% of the stock is currently owned by company insiders.
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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