RNC Capital Management LLC boosted its holdings in shares of Honeywell International Inc. (NYSE:HON) by 44.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,857 shares of the conglomerate’s stock after acquiring an additional 1,190 shares during the quarter. RNC Capital Management LLC’s holdings in Honeywell International were worth $673,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SevenBridge Financial Group LLC increased its position in Honeywell International by 0.5% in the 2nd quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock worth $2,014,000 after buying an additional 60 shares during the period. Claro Advisors LLC increased its position in Honeywell International by 0.8% in the 2nd quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock worth $1,361,000 after buying an additional 60 shares during the period. Searle & CO. increased its position in Honeywell International by 0.3% in the 1st quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock worth $3,122,000 after buying an additional 62 shares during the period. Nwam LLC increased its position in Honeywell International by 1.5% in the 2nd quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock worth $786,000 after buying an additional 65 shares during the period. Finally, Northstar Capital Management LLC increased its position in Honeywell International by 0.3% in the 2nd quarter. Northstar Capital Management LLC now owns 24,033 shares of the conglomerate’s stock worth $4,196,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 76.90% of the company’s stock.
Honeywell International stock traded down $4.86 on Monday, reaching $163.15. The company’s stock had a trading volume of 128,929 shares, compared to its average volume of 2,244,182. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The stock has a market capitalization of $120.88 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. The company’s fifty day moving average is $174.36. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $178.47.
The company 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 2.01%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.
In other news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.
Several brokerages have commented on HON. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Monday, July 22nd. Jefferies Financial Group lifted their price target on Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley boosted their price objective on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Barclays boosted their price objective on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Credit Suisse Group boosted their price objective on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Honeywell International currently has an average rating of “Buy” and a consensus target price of $184.08.
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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