Risk Paradigm Group LLC Increases Stake in Honeywell International Inc. (HON)
Risk Paradigm Group LLC grew its holdings in Honeywell International Inc. (NYSE:HON) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,653 shares of the conglomerate’s stock after buying an additional 44 shares during the period. Risk Paradigm Group LLC’s holdings in Honeywell International were worth $220,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in HON. Ffcm LLC raised its holdings in shares of Honeywell International by 7.6% in the first quarter. Ffcm LLC now owns 22,768 shares of the conglomerate’s stock valued at $2,844,000 after buying an additional 1,603 shares during the last quarter. Norinchukin Bank The raised its holdings in Honeywell International by 4.2% during the first quarter. Norinchukin Bank The now owns 88,452 shares of the conglomerate’s stock worth $11,045,000 after purchasing an additional 3,532 shares in the last quarter. AGF Investments America Inc. raised its holdings in Honeywell International by 1.8% during the first quarter. AGF Investments America Inc. now owns 46,034 shares of the conglomerate’s stock worth $5,748,000 after purchasing an additional 803 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in Honeywell International by 1.6% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 12,855 shares of the conglomerate’s stock worth $1,605,000 after purchasing an additional 201 shares in the last quarter. Finally, AGF Investments Inc. raised its holdings in Honeywell International by 5.5% during the first quarter. AGF Investments Inc. now owns 2,044,066 shares of the conglomerate’s stock worth $255,029,000 after purchasing an additional 105,943 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.
Shares of Honeywell International Inc. (NYSE:HON) traded up $0.38 on Friday, reaching $153.66. 1,468,060 shares of the company’s stock traded hands, compared to its average volume of 2,597,658. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a one year low of $113.60 and a one year high of $156.70. The firm has a market capitalization of $117,061.73, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99.
The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.745 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 45.15%.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction 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 at this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated 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 owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
HON has been the subject of several analyst reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a report on Thursday, August 24th. Jefferies Group reissued a “buy” rating and set a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Citigroup increased their price target on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $156.00 price target (up from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Finally, Deutsche Bank reissued a “buy” rating and set a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Honeywell International presently has an average rating of “Buy” and an average price target of $154.00.
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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