Private Wealth Advisors Inc. continued to hold its stake in shares of Honeywell International Inc. (NYSE:HON) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,730 shares of the conglomerate’s stock at the end of the 2nd quarter. Private Wealth Advisors Inc.’s holdings in Honeywell International were worth $231,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 8.8% during the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock valued at $1,198,584,000 after purchasing an additional 773,734 shares during the period. Clearbridge Investments LLC raised its position in shares of Honeywell International by 69.2% during the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the period. Legal & General Group Plc raised its position in shares of Honeywell International by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock valued at $490,685,000 after purchasing an additional 127,788 shares during the period. Swiss National Bank raised its position in shares of Honeywell International by 3.0% during the 2nd quarter. Swiss National Bank now owns 2,642,073 shares of the conglomerate’s stock valued at $352,162,000 after purchasing an additional 76,600 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Honeywell International by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock valued at $327,636,000 after purchasing an additional 114,309 shares during the period. Hedge funds and other institutional investors own 75.20% of the company’s stock.
In other news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’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 completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,242 shares of company stock valued at $2,889,943. Company insiders own 1.56% of the company’s stock.
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Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the previous year, the business posted $1.60 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.745 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 2.03%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is currently 45.15%.
HON has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Thursday, September 21st. Deutsche Bank AG reiterated a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a report on Thursday, September 21st. Citigroup Inc. lifted their price target on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Royal Bank Of Canada lifted their price target on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price target (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $150.79.
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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