Pineno Levin & Ford Asset Management Inc. trimmed its position in Honeywell International Inc. (NYSE:HON) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,949 shares of the conglomerate’s stock after selling 130 shares during the quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in Honeywell International were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jolley Asset Management LLC increased its holdings in shares of Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the last quarter. CKW Financial Group bought a new position in Honeywell International during the 2nd quarter worth $108,000. Hanson McClain Inc. grew its stake 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 buying an additional 3 shares during the last quarter. Enterprise Financial Services Corp grew its stake in Honeywell International by 48.4% during the 2nd quarter. Enterprise Financial Services Corp now owns 923 shares of the conglomerate’s stock worth $123,000 after buying an additional 301 shares during the last quarter. Finally, MCF Advisors LLC grew its stake in Honeywell International by 55.8% during the 1st quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) opened at 142.72 on Thursday. Honeywell International Inc. has a 12 month low of $106.55 and a 12 month high of $145.30. The stock’s 50 day moving average price is $139.47 and its 200-day moving average price is $134.16. The firm has a market capitalization of $108.55 billion, a price-to-earnings ratio of 22.13 and a beta of 0.95.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the company earned $1.70 EPS. The firm’s revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The business also recently declared 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 is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
In other news, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the transaction, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 completion of 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 sold a total of 354,108 shares of company stock worth $48,886,463 over the last 90 days. 1.56% of the stock is owned by corporate insiders.
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HON has been the subject of a number of recent research reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research note on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc initiated coverage on Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective for the company. Finally, Deutsche Bank AG restated a “buy” rating and set a $154.00 price objective on shares of Honeywell International in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $147.85.
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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