Bluestein R H & Co. Purchases 13,068 Shares of Honeywell International Inc. (HON)
Bluestein R H & Co. boosted its stake in shares of Honeywell International Inc. (NYSE:HON) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344,765 shares of the conglomerate’s stock after acquiring an additional 13,068 shares during the quarter. Honeywell International accounts for about 2.7% of Bluestein R H & Co.’s investment portfolio, making the stock its 11th largest holding. Bluestein R H & Co.’s holdings in Honeywell International were worth $45,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Pacific Alternative Asset Management Company LLC purchased a new stake in Honeywell International in the 2nd quarter worth approximately $1,432,000. Wealthfront Inc. lifted its stake in shares of Honeywell International by 7.5% in the 2nd quarter. Wealthfront Inc. now owns 29,724 shares of the conglomerate’s stock valued at $3,962,000 after purchasing an additional 2,066 shares during the period. California Public Employees Retirement System lifted its stake in shares of Honeywell International by 1.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,034,404 shares of the conglomerate’s stock valued at $271,166,000 after purchasing an additional 22,100 shares during the period. Woodley Farra Manion Portfolio Management Inc. increased its position in Honeywell International by 0.6% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 241,428 shares of the conglomerate’s stock valued at $32,180,000 after buying an additional 1,491 shares in the last quarter. Finally, GM Advisory Group Inc. increased its position in Honeywell International by 1.4% during the 2nd quarter. GM Advisory Group Inc. now owns 2,187 shares of the conglomerate’s stock valued at $292,000 after buying an additional 31 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now 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 insiders.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. 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 business earned $1.60 earnings per share. sell-side analysts anticipate that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 1.94%. 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. Honeywell International’s payout ratio is presently 45.15%.
A number of research firms recently weighed in on HON. Cowen reaffirmed an “outperform” rating and set a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Morgan Stanley lifted their target price on Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Argus raised their price target on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $151.92.
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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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