Honeywell International Inc. (HON) Shares Bought by South State Corp
South State Corp raised its holdings in Honeywell International Inc. (NYSE:HON) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,332 shares of the conglomerate’s stock after buying an additional 236 shares during the quarter. Honeywell International comprises 1.2% of South State Corp’s holdings, making the stock its 16th largest position. South State Corp’s holdings in Honeywell International were worth $9,641,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Burt Wealth Advisors raised its stake in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the last quarter. Guidant Wealth Advisors raised its stake in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the last quarter. Jolley Asset Management LLC raised its stake in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. Finally, CKW Financial Group purchased a new position in shares of Honeywell International in the second quarter worth about $108,000. Institutional investors own 75.20% of the company’s stock.
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Several research analysts have recently issued reports on the company. Cowen Inc restated an “outperform” rating and issued a $150.00 price objective (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $148.00 price objective on Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Morgan Stanley raised their price objective on Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Finally, Argus raised their price objective on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $150.79.
Shares of Honeywell International Inc. (NYSE HON) opened at $148.99 on Friday. The company has a market capitalization of $113,503.98, a PE ratio of 21.44, a P/E/G ratio of 2.29 and a beta of 0.97. Honeywell International Inc. has a 1-year low of $112.17 and a 1-year high of $149.81. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.60 earnings per share. analysts predict that Honeywell International Inc. will post 7.06 EPS for the current 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 issued a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.00%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 45.15%.
In related news, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now directly owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
Honeywell International Company 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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