Rudd International Inc. Makes New Investment in Honeywell International Inc. (NYSE:HON)
Rudd International Inc. purchased a new position in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,297 shares of the conglomerate’s stock, valued at approximately $226,000.
A number of other large investors have also modified their holdings of HON. Cordasco Financial Network bought a new stake in shares of Honeywell International in the 1st quarter valued at about $25,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $25,000. Lenox Wealth Advisors LLC grew its position in shares of Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares in the last quarter. Mackey Komara & Dankovich LLC acquired a new position in shares of Honeywell International during the 1st quarter worth approximately $29,000. Finally, Mcmillion Capital Management Inc. acquired a new position in shares of Honeywell International during the 2nd quarter worth approximately $31,000. 77.29% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Darius Adamczyk sold 7,149 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares of the company’s stock, valued at $12,467,006.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold 19,149 shares of company stock valued at $3,189,497 in the last ninety days. Insiders own 0.73% of the company’s stock.
NYSE:HON traded up $2.76 on Friday, hitting $165.03. The company had a trading volume of 1,729,700 shares, compared to its average volume of 2,324,565. The stock has a market capitalization of $116.75 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.16 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $172.02 and a two-hundred day moving average of $164.87. Honeywell International Inc. has a 52 week low of $123.48 and a 52 week high of $178.47.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 8.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, August 15th. Honeywell International’s payout ratio is currently 40.95%.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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