Vision Capital Management Inc. reduced its position in Honeywell International Inc. (NYSE:HON) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,359 shares of the conglomerate’s stock after selling 259 shares during the quarter. Honeywell International accounts for approximately 1.7% of Vision Capital Management Inc.’s holdings, making the stock its 17th biggest holding. Vision Capital Management Inc.’s holdings in Honeywell International were worth $6,096,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HON. Vanguard Group Inc increased its position in shares of Honeywell International by 0.9% during the third quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock valued at $8,666,914,000 after acquiring an additional 456,410 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Honeywell International by 0.9% during the fourth quarter. Trust Co. of Vermont now owns 69,648 shares of the conglomerate’s stock valued at $9,202,000 after acquiring an additional 635 shares during the last quarter. Old Port Advisors purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $3,183,000. Glenview State Bank Trust DEPT. increased its position in shares of Honeywell International by 13.8% during the fourth quarter. Glenview State Bank Trust DEPT. now owns 11,698 shares of the conglomerate’s stock valued at $1,546,000 after acquiring an additional 1,423 shares during the last quarter. Finally, Carnick & Kubik Group LLC increased its position in shares of Honeywell International by 5.1% during the fourth quarter. Carnick & Kubik Group LLC now owns 8,107 shares of the conglomerate’s stock valued at $1,071,000 after acquiring an additional 396 shares during the last quarter. 75.78% of the stock is currently owned by institutional investors.
In other news, CEO Vimal Kapur sold 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.09. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.63 billion. During the same period in the prior year, the company earned $1.95 earnings per share. Honeywell International’s revenue was down 14.5% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 8.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, May 23rd. Honeywell International’s payout ratio is currently 40.95%.
A number of analysts recently commented on the company. ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a report on Monday, April 22nd. Deutsche Bank increased their price objective on Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Morgan Stanley increased their price objective on Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Credit Suisse Group increased their price objective on Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $175.20.
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Honeywell International 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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