United Bank increased its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,057 shares of the conglomerate’s stock after purchasing an additional 98 shares during the period. United Bank’s holdings in Honeywell International were worth $1,232,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Thoroughbred Financial Services LLC raised its holdings in Honeywell International by 18,092.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in Honeywell International in the 4th quarter valued at $260,607,000. Millennium Management LLC raised its holdings in Honeywell International by 146.7% in the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock valued at $290,691,000 after acquiring an additional 1,308,339 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Honeywell International by 117.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock valued at $187,139,000 after acquiring an additional 766,200 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Honeywell International by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock valued at $1,099,530,000 after acquiring an additional 544,684 shares during the last quarter. Hedge funds and other institutional investors own 76.86% of the company’s stock.
Shares of HON stock traded down $2.02 on Thursday, reaching $170.44. 109,487 shares of the stock were exchanged, compared to its average volume of 2,022,419. The stock has a market cap of $123.44 billion, a PE ratio of 21.27, a P/E/G ratio of 2.32 and a beta of 1.10. 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 stock’s 50 day moving average price is $174.51. Honeywell International Inc. has a 1-year low of $123.48 and a 1-year high of $178.47.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 1.92%. Honeywell International’s dividend payout ratio (DPR) is 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on the company. Credit Suisse Group boosted their price target on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Citigroup set a $197.00 price target on Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group upped their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $183.15.
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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