Steward Partners Investment Advisory LLC raised its stake in shares of Honeywell International Inc. (NYSE:HON) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,748 shares of the conglomerate’s stock after purchasing an additional 484 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Honeywell International were worth $5,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Honeywell International by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares during the period. Clearbridge Investments LLC increased its holdings in Honeywell International by 8.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after purchasing an additional 544,684 shares during the period. Legal & General Group Plc increased its holdings in Honeywell International by 5.6% during the 4th quarter. Legal & General Group Plc now owns 3,586,190 shares of the conglomerate’s stock worth $473,778,000 after purchasing an additional 191,120 shares during the period. Thoroughbred Financial Services LLC increased its holdings in Honeywell International by 18,092.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after purchasing an additional 2,539,617 shares during the period. Finally, Millennium Management LLC increased its holdings in Honeywell International by 146.7% during the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after purchasing an additional 1,308,339 shares during the period. Institutional investors and hedge funds own 76.90% of the company’s stock.
HON has been the topic of several research reports. Morgan Stanley raised their price objective on Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. ValuEngine cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group increased their target price on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $177.00 target price on Honeywell International and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Barclays increased their target price on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $184.08.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 8.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.03%. Honeywell International’s payout ratio is 40.95%.
In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.
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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